FORT LAUDERDALE, Florida, June 10, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Splash Beverage Group, Inc. (NYSE American: SBEV) (the âCompanyâ) (https://www.SplashBeverageGroup.com), a holding 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 shares at a public offering price of $ 4.00 per share and the associated warrant for aggregate gross proceeds of $ 15.0 million before the deduction of subscription rebates, commissions and other offering costs. Each warrant may be exercised for one common share at an exercise price of $ 4.60 per share and will expire five years after its issuance. The common shares and the 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 âSBEVâ and âSBEV WSâ, respectively.
Kingswood Capital Markets, a division of Benchmark Investments, LLC, is acting as the sole book manager for the offering.
In addition, the Company has granted the underwriters a 45-day option to purchase up to 562,500 additional shares and the corresponding warrants to purchase up to 562,500 common shares at the public offering price, less discounts and underwriting commissions. The offer is expected to close on or around June 15, 2021, subject to the satisfaction of customary closing conditions.
The offering is made 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 (âSECâ), then declared in force by the latter. A final prospectus relating 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 relating to this offering, when available, may be obtained from Kingswood Capital Markets, 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 contains “forward-looking statements” within the meaning of US federal securities laws. Words such as “expect”, “estimate”, “project”, “budget”, “plan”, “anticipate”, “intend to”, “plan”, “power”, “power” , “Could”, “” believes “,” predicted “,” potential “,” continue “and similar expressions are intended to identify these 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 may cause such differences include, without limitation, the inability to complete the subscribed public offer in a timely manner and the risks disclosed in the Company’s annual report on Form 10-K filed with of the SEC on March 8, 2021., and in other documents filed by the Company with the SEC. The foregoing list of factors is not exclusive. 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.
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