Splash Beverage Group Announces Successful First Tranche of Capital Raise for Strategic Acquisition
Splash Beverage Group (NYSE American:SBEV) has announced progress in its capital raising efforts to expand market presence and support working capital. The company has secured $7.6 million through private placement of convertible notes and equity in a pending acquisition, updating its previous announcement from August 22, 2024. This funding will provide essential working capital for legacy businesses and enable the pursuit of a complementary acquisition.
CEO Robert Nistico stated that the company is under a Letter of Intent (LOI) with a complementary beverage company, which aligns with their vision. The acquisition target remains confidential but is unrelated to the previously announced Western Son acquisition. Nistico emphasized that this capital raise demonstrates investor confidence in the company's growth strategy and long-term potential.
Splash Beverage Group (NYSE American:SBEV) ha annunciato progressi nei suoi sforzi di raccolta di capitali per espandere la presenza sul mercato e supportare il capitale circolante. L'azienda ha ottenuto $7,6 milioni tramite un collocamento privato di note convertibili e capitale azionario in un'acquisizione in fase di completamento, aggiornando il suo annuncio precedente del 22 agosto 2024. Questo finanziamento fornirà un capitale circolante essenziale per le attività legacy e consentirà il perseguimento di unacquisizione complementare.
Il CEO Robert Nistico ha dichiarato che l'azienda è sotto una Lettera di Intenti (LOI) con un'azienda produttrice di bevande complementari, in linea con la loro visione. L'obiettivo di acquisizione rimane riservato, ma non è correlato all'acquisizione precedentemente annunciata di Western Son. Nistico ha sottolineato che questa raccolta di capitali dimostra la fiducia degli investitori nella strategia di crescita dell'azienda e nel suo potenziale a lungo termine.
Splash Beverage Group (NYSE American:SBEV) ha anunciado avances en sus esfuerzos de recaudación de capital para expandir su presencia en el mercado y apoyar el capital de trabajo. La compañía ha asegurado $7.6 millones a través de una colocación privada de notas convertibles y capital en una adquisición pendiente, actualizando su anuncio anterior del 22 de agosto de 2024. Este financiamiento proporcionará capital de trabajo esencial para los negocios legado y permitirá la búsqueda de una adquisición complementaria.
El CEO Robert Nistico declaró que la empresa se encuentra bajo una Carta de Intención (LOI) con una compañía de bebidas complementarias, que se alinea con su visión. El objetivo de la adquisición permanece confidencial, pero no está relacionado con la anunciada adquisición de Western Son. Nistico enfatizó que esta recaudación de capital demuestra la confianza de los inversionistas en la estrategia de crecimiento de la empresa y su potencial a largo plazo.
Splash Beverage Group (NYSE American:SBEV)는 시장 존재감을 확장하고 운영 자본을 지원하기 위한 자본 조달 노력에서 진행 상황을 발표했습니다. 이 회사는 760만 달러를 통해 전환사채 및 지분의 사모 배치를 통해 인수 진행 중인 자금을 확보했으며, 2024년 8월 22일에 발표한 내용을 업데이트했습니다. 이 자금은 기존 비즈니스에 필수적인 운영 자본을 제공하고 보완 인수를 추구할 수 있게 합니다.
CEO 로버트 니스티코는 회사가 비전과 일치하는 보완 음료 회사와 의향서(LOI)를 체결했다고 밝혔습니다. 인수 대상은 비공개로 남아 있으나, 이전에 발표된 Western Son 인수와는 관련이 없습니다. 니스티코는 이 자본 조달이 회사의 성장 전략과 장기적인 잠재력에 대한 투자자들의 신뢰를 보여준다고 강조했습니다.
Splash Beverage Group (NYSE American:SBEV) a annoncé des progrès dans ses efforts de levée de fonds pour étendre sa présence sur le marché et soutenir le fonds de roulement. L'entreprise a sécurisé 7,6 millions de dollars par le biais d'un placement privé d'obligations convertibles et de fonds propres dans une acquisition en cours, mettant à jour son annonce précédente du 22 août 2024. Ce financement fournira un fonds de roulement essentiel pour les entreprises héritées et permettra de poursuivre une acquisition complémentaire.
Le PDG Robert Nistico a déclaré que l'entreprise est sous une lettre d'intention (LOI) avec une entreprise de boissons complémentaire, ce qui correspond à leur vision. L'objectif de l'acquisition reste confidentiel mais n’est pas lié à l'acquisition précédemment annoncée de Western Son. Nistico a souligné que cette levée de fonds démontre la confiance des investisseurs dans la stratégie de croissance de l'entreprise et son potentiel à long terme.
Splash Beverage Group (NYSE American:SBEV) hat Fortschritte bei seinen Kapitalbeschaffungsbemühungen zur Erweiterung der Marktpräsenz und Unterstützung des Betriebskapitals bekannt gegeben. Das Unternehmen hat 7,6 Millionen Dollar durch eine Privatplatzierung von wandelbaren Anleihen und Eigenkapital in einer bevorstehenden Akquisition gesichert und sein vorheriges Ankündigung vom 22. August 2024 aktualisiert. Diese Finanzierung wird essenzielles Betriebskapital für die Stammgeschäfte bereitstellen und die Verfolgung einer komplementären Akquisition ermöglichen.
CEO Robert Nistico erklärte, dass das Unternehmen unter einer Absichtserklärung (LOI) mit einem komplementären Getränkeunternehmen steht, das mit ihrer Vision übereinstimmt. Das Ziel der Akquisition bleibt vertraulich, ist jedoch nicht mit der zuvor angekündigten Akquisition von Western Son verbunden. Nistico betonte, dass diese Kapitalerhöhung das Vertrauen der Investoren in die Wachstumsstrategie des Unternehmens und dessen langfristiges Potenzial demonstriert.
- Successful capital raise of $7.6 million through private placement
- Pending acquisition of a complementary beverage company
- Increased investor confidence in the company's growth strategy
- Potential dilution for existing shareholders due to convertible notes and equity issuance
Insights
This capital raise of
The pending acquisition, while undisclosed, could be a game-changer for SBEV if it indeed enhances product offerings and operational efficiencies as suggested. However, investors should be cautious about potential dilution from the convertible notes and new equity issuance. The company's ability to effectively integrate the acquisition and generate synergies will be important for long-term value creation.
While the capital infusion provides necessary working capital and acquisition firepower, it's important to monitor how efficiently SBEV deploys this capital. The success of this strategy will largely depend on the company's execution in expanding market presence and improving operational performance post-acquisition.
The beverage industry is highly competitive and SBEV's move to strengthen its portfolio through acquisition is a smart strategic play. The company's ability to attract
The pending acquisition, described as "complementary," could potentially provide SBEV with enhanced market positioning, expanded distribution networks, or innovative product lines. This could be particularly valuable in the fragmented beverage market where scale and diversification are often key to success.
However, the lack of specifics about the acquisition target leaves some uncertainty. Investors should watch for the definitive agreement and subsequent integration plans. The success of this strategy will hinge on how well the acquired company's products and operations mesh with SBEV's existing portfolio and whether it can drive meaningful revenue growth and operational synergies.
FORT LAUDERDALE, FL / ACCESSWIRE / October 16, 2024 / Splash Beverage Group (NYSE American:SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, is excited to announce continued fundraising progress to expand its market presence and support working capital. This updates the earlier announcement on August 22, 2024, with a larger executed contracts total of
The capital raise was achieved through private placement of convertible notes, as previously disclosed, as well as equity in the pending acquisition, which has attracted interest from new accredited and preexisting investors. This influx of capital will provide Splash Beverage Group with essential working capital for its legacy businesses while enabling it to pursue a complementary acquisition anticipated to enhance the company's product offerings and operational efficiencies.
"We are thrilled to have secured this funding, which positions us to accelerate our growth strategy," said Robert Nistico, CEO of Splash Beverage Group. "We are currently under a Letter of Intent (LOI) with a complementary beverage company that aligns perfectly with our vision. This will allow us to leverage our strengths and deliver enhanced value to our customers and shareholders. Due to confidentiality, we cannot disclose the name of the acquisition at this time but will when definitive agreements have been executed. I will just say that it is not related to the previously announced Western Son acquisition."
"This capital raise demonstrates the confidence our investors have in our growth strategy and the long-term potential of our business," added Robert Nistico. "We are committed to executing our vision and creating sustainable value for our shareholders."
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 and Pulpoloco sangria. 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
SOURCE: Splash Beverage Group
View the original press release on accesswire.com
FAQ
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