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

Splash Beverage Group, Inc. has taken a significant step towards financial restructuring by exchanging approximately $12.67 million of outstanding promissory notes for newly issued preferred equity. This move is aimed at regaining compliance with the NYSE American's shareholder equity requirements, a critical milestone for the company's continued listing on the exchange.

The conversion of debt into equity is expected to enhance Splash Beverage Group's balance sheet, reduce interest expenses, and improve its shareholder equity position. This strategic financial maneuver underscores the company's commitment to strengthening its capital structure and ensuring long-term viability in the competitive beverage industry.

Bill Devereux, CFO of Splash Beverage Group, highlighted the transaction as a testament to investor confidence, enabling the company to proceed with a more robust financial framework. The newly issued preferred shares come with a 12% cumulative dividend and the potential for conversion to common stock under favorable terms, aligning previous investments with current market dynamics and offering long-term value to shareholders.

As part of its compliance efforts, Splash Beverage Group will also submit necessary filings to 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. The company remains focused on fulfilling all NYSE American listing standards, working closely with stakeholders and exchange representatives to achieve this objective efficiently.