Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, has released the pricing of its underwritten public offering. The public offering consists of 3.75 million shares of common stock along with warrants to purchase up to 3.75 million shares of common stock. The public offering price for the shares and accompanying warrants will be $4 per share and accompanying warrant, which could result in total gross proceeds of $15 million for SBEV, before underwriting discounts, commissions and other offering expenses are deducted. The company noted that each warrant is exercisable for one share of common stock at $4.60 per share; warrants will expire five years from issuance. In addition, the common stock and warrants will be issued separately. Trading of the common stock is expected to begin June 11, 2021, on the NYSE American under the symbol SBEV; warrants should begin trading the same day under the symbol SBEV WS. The company noted that is has granted a 45-day option to the underwriters, to purchase up to an additional 562,500 shares and the same number of accompanying warrants at the public offering price. The company expects the offering to close on or about June 15, 2021.
To view the full press release, visit https://ibn.fm/B2dlK
About Splash Beverage Group Inc.
Splash Beverage Groupspecializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the nonalcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique because it only develops and accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation. 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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment