Splash Beverage Group Faces Delisting of Warrants from NYSE American
Splash Beverage Group's warrants are set to be delisted from NYSE American due to low trading price, though the company's common stock and operations remain unaffected.
Splash Beverage Group, Inc. (NYSE American: SBEV) has announced that the NYSE American LLC will commence delisting proceedings for its publicly traded warrants, identified under the ticker symbol SBEV-WT, effective immediately. This decision, communicated to the company on June 23, 2025, stems from the warrants' low trading price, rendering them unsuitable for continued listing as per Section 1001 of the NYSE American Company Guide.
The NYSE American plans to file an application with the Securities and Exchange Commission (SEC) to delist the warrants after completing all necessary procedures, including any potential appeal by Splash Beverage Group. However, the company has indicated it does not intend to appeal the delisting determination, with a deadline set for July 30, 2025.
Importantly, the delisting of the warrants will not impact the listing or trading of Splash Beverage Group's common stock on the NYSE American, nor will it affect the company's business operations or its reporting obligations under SEC regulations. Post-delisting, the warrants may find a new trading venue on an over-the-counter market, such as the OTC Pink tier, contingent upon a market maker's application and approval by FINRA. However, the company cautions that there is no guarantee of such an outcome.