Splash Beverage Group Announces Its Initial Closing on the First Tranche of Private Placement
Splash Beverage Group (NYSE American: SBEV) has announced the initial closing of its first tranche of a private placement for operating capital. The company has secured over $4 million in the first tranche, with approximately half already received and the remainder expected in the coming days. Documents for a second tranche of $4 million have been distributed, with about $3 million already executed. Notably, the company has retired a $2.4 million financing from last year, which is expected to alleviate downward pressure on the stock. Splash Beverage Group will host a conference call on August 22, 2024, at 4:00 pm ET to discuss these developments and answer questions from interested parties.
Splash Beverage Group (NYSE American: SBEV) ha annunciato la chiusura iniziale della sua prima tranche di un collocamento privato per capitale operativo. L'azienda ha ottenuto oltre 4 milioni di dollari nella prima tranche, di cui circa la metà già ricevuta e il resto previsto nei prossimi giorni. I documenti per una seconda tranche di 4 milioni di dollari sono stati distribuiti, con circa 3 milioni di dollari già eseguiti. È importante notare che l'azienda ha ritirato un finanziamento di 2,4 milioni di dollari dall'anno scorso, che dovrebbe alleviare la pressione al ribasso sul titolo. Splash Beverage Group ospiterà una conferenza telefonica il 22 agosto 2024, alle 16:00 ET per discutere di questi sviluppi e rispondere alle domande delle parti interessate.
Splash Beverage Group (NYSE American: SBEV) ha anunciado el cierre inicial de su primera tranche de una colocación privada para capital operativo. La empresa ha asegurado más de 4 millones de dólares en la primera tranche, de los cuales aproximadamente la mitad ya ha sido recibida y se espera que el resto llegue en los próximos días. Los documentos para una segunda tranche de 4 millones de dólares han sido distribuidos, con aproximadamente 3 millones de dólares ya ejecutados. Es notable que la empresa ha cancelado un financiamiento de 2,4 millones de dólares del año pasado, lo que se espera que alivie la presión a la baja sobre la acción. Splash Beverage Group llevará a cabo una conferencia telefónica el 22 de agosto de 2024 a las 4:00 p.m. ET para discutir estos desarrollos y responder preguntas de las partes interesadas.
Splash Beverage Group (NYSE American: SBEV)는 운영 자본을 위한 사모 배정의 첫 번째 트랜치 초기 마감을 발표했습니다. 이 회사는 첫 번째 트랜치에서 4백만 달러 이상을 확보했으며, 그 중 약 절반이 이미 수령되었고 나머지는 오는 며칠 내에 올 것으로 예상됩니다. 4백만 달러의 두 번째 트랜치 문서가 배포되었으며, 약 3백만 달러가 이미 실행되었습니다. 특히, 회사는 작년에 발생한 240만 달러 자금을 상환하여 주식에 대한 하방 압박을 완화할 것으로 예상됩니다. Splash Beverage Group은 2024년 8월 22일 오후 4시 ET에 이러한 개발 사항을 논의하고 이해관계자의 질문에 답변하기 위한 전화 회의를 개최할 예정입니다.
Splash Beverage Group (NYSE American: SBEV) a annoncé la clôture initiale de sa première tranche d'un placement privé pour le capital d'exploitation. La société a sécurisé plus de 4 millions de dollars dans la première tranche, dont environ la moitié a déjà été reçue et le reste est attendu dans les jours à venir. Les documents pour une deuxième tranche de 4 millions de dollars ont été distribués, avec environ 3 millions de dollars déjà exécutés. Il est à noter que la société a remboursé un financement de 2,4 millions de dollars de l'année dernière, ce qui devrait alléger la pression à la baisse sur l'action. Splash Beverage Group organisera une conférence téléphonique le 22 août 2024 à 16h00 ET pour discuter de ces développements et répondre aux questions des parties intéressées.
Splash Beverage Group (NYSE American: SBEV) hat den ersten Abschluss seiner ersten Tranche einer privaten Platzierung für Betriebskapital bekannt gegeben. Das Unternehmen hat über 4 Millionen Dollar in der ersten Tranche gesichert, von denen etwa die Hälfte bereits erhalten wurde und der Rest in den kommenden Tagen erwartet wird. Die Dokumente für eine zweite Tranche über 4 Millionen Dollar wurden verteilt, von denen bereits etwa 3 Millionen Dollar ausgeführt wurden. Bemerkenswert ist, dass das Unternehmen eine Finanzierung von 2,4 Millionen Dollar aus dem letzten Jahr zurückgezahlt hat, was voraussichtlich den Abwärtsdruck auf die Aktie verringern wird. Splash Beverage Group wird am 22. August 2024 um 16:00 Uhr ET eine Telefonkonferenz abhalten, um diese Entwicklungen zu besprechen und Fragen von Interessierten zu beantworten.
- Secured over $4 million in the first tranche of private placement
- Second tranche of $4 million in progress with $3 million already executed
- Retired $2.4 million financing from previous year, potentially reducing stock pressure
- None.
Insights
Splash Beverage Group's initial closing on the first tranche of its private placement is a significant development for the company's financial health. The secured
The retirement of the
The ongoing second tranche of
Splash Beverage Group's successful capital raise demonstrates investor confidence in the beverage industry and the company's portfolio approach. This infusion of capital could allow Splash to strengthen its market position and potentially outpace competitors in the highly competitive beverage sector.
The company's ability to secure funding in the current economic climate is noteworthy, suggesting that investors see growth potential in Splash's diverse brand portfolio. This capital could be used for marketing initiatives, product development, or expanding distribution networks, all of which are important for gaining market share in the beverage industry.
However, investors should monitor how effectively Splash deploys this capital to drive growth and improve its market standing. The success of this funding round could also attract attention from larger beverage companies, potentially leading to partnership opportunities or acquisition interest in the future.
FORT LAUDERDALE, FL / ACCESSWIRE / August 22, 2024 / Splash Beverage Group, Inc. (NYSE American:SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, announced that it has begun closing on a private placement for operating capital.
Previously announced in the company's corporate update on May 15th, 2024, the Company was entering into a financing agreement with a wealth management firm in upstate NY. That agreement was finalized and the capital raise is in process. The first tranche has been finalized and the company is in the process of onboarding cash, a Form 8K to follow later today or tomorrow.
The first tranche is just over
Documents for the second tranche of
Additionally, the
Today's Conference Call Details:
Date: Thursday, August 22, 2024
Time: 4:00 pm. ET
Call: 888-506-0062 (US Toll Free) or 973-528-0011 (International)
Participant Access Code: 648719
Webcast: A live webcast will be available and can be accessed from the Investors section of the Company's website or by clicking here
All interested parties are invited to participate. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.
For those unable to join the live webcast, a replay will be available until Friday, August 22, 2025, at 1-877-481-4010 (US) or 1-919-882-2331, replay pin number 51153. Additionally, to access the archived webcast, please visit the Investors section of the Company's website or click here
Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev
About Splash Beverage Group, Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and hydration and recovery drinks. Splash's strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
For more information visit:
www.SplashBeverageGroup.com
www.copadivino.com
www.drinksalttequila.com
www.pulpo-loco.com
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2021, and in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
Contact Information:
Splash Beverage Group
Info@SplashBeverageGroup.com
954-745-5815
Contact Information
Splash Beverage Group
Splash Beverage Group
info@splashbeveragegroup.com
941-554-8381
SOURCE: Splash Beverage Group
View the original press release on accesswire.com
FAQ
How much capital did Splash Beverage Group (SBEV) raise in its first tranche of private placement?
What is the status of Splash Beverage Group's (SBEV) second tranche of private placement?
Has Splash Beverage Group (SBEV) retired any previous financing?
When is Splash Beverage Group (SBEV) hosting a conference call to discuss the private placement?
