Splash Beverage Group Secures Funding for Expanded Distribution
September 23 2022 - 9:54AM
Splash Beverage Group, Inc. (NYSE American:
SBEV) (the
“Company” or “Splash Beverage Group”), a portfolio company of
leading beverage brands, earlier today announced an offering of
common stock for aggregate gross proceeds of approximately $3.1
million, prior to deducting underwriting discounts, commissions,
and other offering expenses.
Robert Nistico, Splash Beverage Group’s Chairman
and CEO, commented, “This capital raise is to ensure we have
sufficient inventory to fill orders and support the significant
gains in distribution and chain retail authorizations for all our
brands. We have announced numerous distribution and retail
chain agreements recently, and it is critical to have sufficient
inventory to support this activity, Additionally, it is imperative
we do not run out of stock at this inflection point as our brands
accelerate at retail, and we continue to add chains retail business
… this is a very exciting time for us”
As previously announced, the Company has
recently entered into distribution and retail chain agreements with
Target department stores, am/pm, Circle K, 7-11, UNFI, Carey
Distributors, Wantz Distribution, Central Distribution, Buck
Distributing Lohr Distributing, and others.
For more information visit:
www.SplashBeverageGroup.com
www.copadivino.com
www.drinksalttequila.com
www.pulpo-loco.com
www.tapoutdrinks.com
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)
Historical Stock Chart
From Apr 2024 to May 2024
Splash Beverage (AMEX:SBEV)
Historical Stock Chart
From May 2023 to May 2024