{"id":688401,"date":"2022-09-23T08:16:49","date_gmt":"2022-09-23T12:16:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/splash-beverage-group-announces-pricing-of-3-1-million-underwritten-public-offering\/"},"modified":"2022-09-23T08:16:49","modified_gmt":"2022-09-23T12:16:49","slug":"splash-beverage-group-announces-pricing-of-3-1-million-underwritten-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/splash-beverage-group-announces-pricing-of-3-1-million-underwritten-public-offering\/","title":{"rendered":"Splash Beverage Group Announces Pricing of $3.1 Million Underwritten Public Offering"},"content":{"rendered":"
\n

Fort Lauderdale, FL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Splash Beverage Group, Inc<\/u><\/a>. (NYSE American: SBEV<\/b>) (the \u201cCompany\u201d or \u201cSplash Beverage Group\u201d), 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. <\/p>\n

The offering is expected to close on or about September 27, 2022, subject to satisfaction of customary closing conditions. <\/p>\n

EF Hutton, division of Benchmark Investments, LLC is acting as sole book-running manager for the offering. <\/p>\n

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.<\/p>\n

The Company intends to use the proceeds from the offering to support additional distribution and retail authorizations gained recently.<\/p>\n

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.<\/p>\n

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC\u2019s website at http:\/\/www.sec.gov<\/u><\/a> 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<\/u><\/a> ,or by telephone at (212) 404-7002.<\/p>\n

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.<\/p>\n

\n About Splash Beverage Group<\/b>\n <\/p>\n

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\u2019s 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. <\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

This press release includes \u201cforward-looking statements\u201d within the meaning of U.S. federal securities laws. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue\u201d 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\u2019s Annual Report on Form 10-K filed with the SEC on March 31, 2022, and in the Company\u2019s 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.<\/p>\n

\n Contact: <\/b>\n <\/p>\n

Splash Beverage Group
Info@SplashBeverageGroup.com<\/u><\/a>
954-745-5815<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Fort Lauderdale, FL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Splash Beverage Group, Inc. (NYSE American: SBEV) (the \u201cCompany\u201d or \u201cSplash Beverage Group\u201d), 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 … <\/p>\n

Continue reading “Splash Beverage Group Announces Pricing of $3.1 Million Underwritten Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688401","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSplash Beverage Group Announces Pricing of $3.1 Million Underwritten Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/splash-beverage-group-announces-pricing-of-3-1-million-underwritten-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Splash Beverage Group Announces Pricing of $3.1 Million Underwritten Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fort Lauderdale, FL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Splash Beverage Group, Inc. 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