FORT LAUDERDALE, Fla, June 10, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Splash Beverage Group, Inc. (NYSE American: SBEV) (the “Company”) (https://www.SplashBeverageGroup.com), a portfolio company of leading beverage brands, today announced the price of its subscribed public offering of 3.75 million common shares and warrants to purchase up to 3.75 million common shares at a public offering price of $ 4 .00 per share and the corresponding guarantee for total gross proceeds of $ 15.0 million before deducting subscription discounts, commissions and other offering expenses. Each warrant can be exercised for one common share at an exercise price of $ 4.60 per share and will expire five years after issuance. The common shares and warrants are immediately separable and will be issued separately. The common shares and warrants are expected to begin trading on the NYSE American on June 11, 2021, under the symbols “SBEV” and “SBEV WS,” respectively.
Kingswood Capital Markets, a division of Benchmark Investments, LLC, acts as the sole administrator of the offering.
In addition, the Company has granted subscribers a 45-day option to purchase up to 562,500 additional shares and accompanying warrants to purchase up to 562,500 common shares at the public offering price, less any discounts and subscription fees. The offering is expected to close on or about June 15, 2021, subject to satisfaction of customary closing conditions.
The offer is being carried out in accordance with the Company’s registration statement on Form S-1, as amended (file No. 333-255091), previously filed with the Securities and Exchange Commission (“SEC”) and subsequently declared effective. A final prospectus related to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus related to this offering, when available, may be obtained from Kingswood Capital Markets, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or by email at [email protected] or call (212) 404-7002.
This press release will not constitute an offer to sell or solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction where such offer, solicitation, or sale is illegal prior to registration or rating under the securities laws of that state or jurisdiction.
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About Splash Beverage Group, Inc .:
Group of Splash Drinks specializes in the manufacture, distribution, sales and marketing of various beverages through multiple channels. SBEV operates in the alcoholic and non-alcoholic beverage segments which, in its opinion, take advantage of efficiency and dilute risk.
SBEV believes its business model is unique as it ONLY develops / accelerates brands that it perceives to have 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”, “anticipate”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”, “should”, “believe”, “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 actual results to differ materially from expected results and, accordingly, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and the factors that may cause such differences include, but are not limited to, the inability to close the subscribed public offering in a timely manner and the risks disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on 8 March 2021. and in other Company filings with the SEC. The above list of factors is not exclusive. Readers are cautioned not to place undue reliance on the forward-looking statements, which refer only to the date of completion. Except as required by law, the Company disclaims any obligation to update or publicly post any revision to any of the forward-looking statements contained in this press release.
SOURCE: Splash Beverage Group, Inc.