Splash Beverage Group Announces Pricing of $3.1 Million Underwritten Public Offering
23 Septembre 2022 - 2:13PM
Splash Beverage Group, Inc. (NYSE American:
SBEV) (the
“Company” or “Splash Beverage Group”), a portfolio company of
leading beverage brands, today announced the pricing of its
underwritten public offering of 2,000,000 shares of common stock
(the "Common Stock") at a public offering price of $1.55 per share,
for aggregate gross proceeds of approximately $3.1 million, prior
to deducting underwriting discounts, commissions, and other
offering expenses. In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
300,000 shares of Common Stock at the public offering price per
share, less the underwriting discounts and commissions to cover
over-allotments, if any.
The offering is expected to close on or about
September 27, 2022, subject to satisfaction of customary closing
conditions.
EF Hutton, division of Benchmark Investments,
LLC is acting as sole book-running manager for the offering.
The proposed offering of the Common Stock
described above is being offered by the Company pursuant to a
"shelf" registration statement on Form S-3 (File No. 333-259865)
filed with the Securities and Exchange Commission (SEC) and
declared effective by the SEC on October 8, 2021, and the
accompanying prospectus contained therein.
The Company intends to use the proceeds from the
offering to support additional distribution and retail
authorizations gained recently.
The offering is being made only by means of a
prospectus supplement and accompanying prospectus. A prospectus
supplement describing the terms of the public offering will be
filed with the SEC and will form a part of the effective
registration statement.
Copies of the prospectus supplement and the
accompanying prospectus relating to this offering may be obtained,
when available, on the SEC’s website at http://www.sec.gov or by
contacting EF Hutton, division of Benchmark Investments, LLC
Attention: Syndicate Department, 590 Madison Avenue, 39th Floor,
New York, NY 10022, by email at syndicate@efhuttongroup.com ,or by
telephone at (212) 404-7002.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the
securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Splash Beverage Group
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 TapouT
performance hydration and recovery drink. 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.
Forward-Looking Statements
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 31, 2022, 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:
Splash Beverage
GroupInfo@SplashBeverageGroup.com954-745-5815
Splash Beverage (AMEX:SBEV)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Splash Beverage (AMEX:SBEV)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024