Fort Lauderdale, Florida, June 15, 2021 (GLOBE NEWSWIRE) – Splash Beverage Group, Inc. (NYSE American: SBEV) (the “Company”) (https://www.SplashBeverageGroup.com), a holding company of leading beverage brands, today announced the closing of a public tender offer of 3,750,000 common shares and warrants to purchase up to 3,750,000 common shares at a public offering price of $ 4.00 per share and the associated warrant. Each warrant is exercisable at a price of $ 4.60 per share and will expire five years after its issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to 562,500 additional common shares and warrants to purchase up to 562,500 common shares at the public offering price less discounts and commissions. firm grip. The common shares and the warrants separated at the close of the offering and were issued separately.
The common shares and warrants began trading on the NYSE American on June 11, 2021, under the symbols “SBEV” and “SBEV WS”, respectively. The Company received gross proceeds of approximately $ 15.0 million, before the deduction of sales discounts and commissions and other estimated offering costs.
EF Hutton, a division of Benchmark Investments, LLC, acted as the sole book manager for the offering.
The Securities and Exchange Commission (“SEC”) declared a registration statement on Form S-1 relating to securities effective June 10, 2021. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to the offering may also be obtained from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39e Floor, New York, NY 10022, Attention: Syndicate Department, or by e-mail at [email protected] or call (212) 404-7002.
This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.
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About Splash Beverage Group, Inc .:
Splash Drinks Group specializes in the manufacture, distribution, sale and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments which they believe maximize efficiency and dilute risk. SBEV believes its business model is unique as it ONLY develops / accelerates brands that it perceives as having highly visible pre-existing brand awareness or pure category innovation.
This press release includes “forward-looking statements” within the meaning of US federal securities laws. Words such as “expect”, “estimate”, “project”, “budget”, “plan”, “anticipate”, “intend to”, “plan”, “can”, “will”, “Could”, “should,” “believes”, “predicted”, “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 actual results to differ materially from expected results and, therefore, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that could 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 other documents filed by the Company. Company with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. Except as required by law, the Company disclaims any obligation to update or publicly announce any revision of any of the forward-looking statements contained in this press release.
SOURCE: Splash Beverage Group, Inc.
SBEV – Splash Beverage Group Inc. Product Line