Splash Beverage Group Strengthens Financial Position Through Debt-to-Equity Exchange

Splash Beverage Group, Inc. has taken a significant step towards financial stability by exchanging approximately $12.67 million of outstanding promissory notes for newly issued preferred equity. This strategic move is aimed at regaining compliance with the NYSE American's shareholder equity requirements, with the company estimating the need to convert at least $10 million of its debt to meet these standards.

The exchange not only strengthens Splash Beverage Group's capital structure but also reduces interest expenses and improves its shareholder equity position. This is part of the company's broader strategy to ensure long-term success and compliance with exchange requirements. Additionally, Splash is preparing to file necessary documents with the SEC, including its Form 10-K for the year ended December 31, 2024, and its Form 10-Q for the quarter ended March 31, 2025, to address separate compliance requirements.

Bill Devereux, CFO of Splash Beverage Group, expressed gratitude towards investors for their support, highlighting the transaction as a reflection of investor confidence. The newly issued preferred shares come with a 12% cumulative dividend and the option for conversion to common stock under favorable terms, subject to certain conditions. This arrangement is designed to align previous investments with current market conditions and deliver long-term value to shareholders.

Splash Beverage Group remains focused on achieving full compliance with NYSE American listing standards and is committed to working closely with stakeholders and exchange representatives to expedite this process.