Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced its receipt of notification from the New York Stock Exchange regarding its non-compliance with listing standards, as detailed in section 1009(e) of the NYSE Company Guide, outlined in the company’s 8-K disclosure. While the news was expected due to market conditions affecting its stock price, Splash shared that the NYSE has approved its comprehensive plan to regain compliance, which the company views as a proactive step to ensure its long-term success and enhance value for its shareholders. “We are fully committed to meeting and exceeding the NYSE listing standards, and the approval of our compliance plan is a positive step forward for Splash and its shareholders,” said Splash CEO Robert Nistico of the plan’s approval. “This extension provides us with the necessary time to continue to implement our strategic initiatives and positions us well for sustained performance.”
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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 non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangría, 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, 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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