Splash Beverage Group (OTCQB: SBEV), a holding company of a leading portfolio of beverage brands, today announced the March 8, 2021, filing of its annual report on Form 10-K for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission. Among highlights included in the report, SBEV outlined details regarding the merger of the company’s wholly-owned subsidiary with Splash Beverage Group as the surviving entity; the name and ticker change effective July 31, 2020; additions to the company’s executive team and board of directors; and financing activities through which SBEV raised an aggregate of $4,000,000 in gross proceeds through a private placement with accredited investors. According to the update, as of Feb. 27, 2021, the company has raised more than $9 million, which resulted in the cancellation of the rescission rights held by certain investors as part of the terms of their conversion agreements.
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About Splash Beverage Group Inc.
Splash Beverage Group specializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation. For more information about the company, visit www.SplashBeverageGroup.com.
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