Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, announced that it has closed on its previously announced underwritten public offering; the offering consisted of 2,300,000 shares of common stock, which included the full exercise of the underwriters’ over-allotment option. The shares were offered at $4 per share, resulting in an estimated $9.2 million in gross proceeds, subject to underwriting discounts, commissions and other offering expenses. According to the announcement, EF Hutton, division of Benchmark Investments LLC, acted as offering’s sole book-running manager.
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About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and nonalcoholic 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. For more information about the company, please visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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