EQS-News: Splash Beverage Group Announces Exchange of Outstanding Notes for Preferred Equity to Support NYSE American Compliance

FORT LAUDERDALE, FL - June 26, 2025 (NEWMEDIAWIRE) - Splash Beverage Group, Inc. (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced that it has exchanged approximately $12.67 million of outstanding promissory notes for newly issued preferred equity. The company is undertaking these transactions to convert debt into equity as part of its effort to regain compliance with the shareholder equity requirements of the NYSE American. Splash estimated that it needed to exchange at least $10 million of outstanding indebtedness to meet the exchange’s shareholder equity standards.

The transaction is a key step in the company’s broader effort to strengthen its capital structure. By converting debt into equity, Splash Beverage Group enhances its balance sheet, reduces interest expense, and improves its shareholder equity position in furtherance of its goal of complying with exchange requirements. The company will also need to make certain filings 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 regain compliance with NYSE American under a separate exchange requirement.

“We are grateful for the continued support of our investors as we work to position Splash for long-term success,” said Bill Devereux, CFO of Splash Beverage Group. “This exchange reflects investor confidence and allows us to move forward with a healthier capital structure and increased financial flexibility.”

The newly issued preferred shares offer a 12% cumulative dividend and allow for future conversion to common stock under terms favorable to the holders, subject to certain conditions and limitations including prior shareholder approval and an increase in the company’s authorized common stock. The structure is designed to realign previous note investments with current market conditions and provide long-term value to shareholders.

The company remains committed to restoring full compliance with NYSE American listing standards and will continue working closely with stakeholders and exchange representatives with a view to completing that process efficiently.

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, Chispo tequilas, and Pulpoloco sangria. 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.

Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev

For more information visit: www.SplashBeverageGroup.com www.copadivino.com https://chispotequila.com www.pulpo-loco.com

Forward-Looking Statement

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 8, 2021, 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.

SBEV has 1,552,693 shares issued and outstanding with a float of 1,381,427 shares.

Contact:

Investor Relations
Splash Beverage Group, Inc.
IR@SplashBeverageGroup.com

or

Dennis Burns
567-237-4132 
dburns@SplashBeverageGroup.com 

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