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  4. Splash Beverage Group Inc. (SBEVD) Message Board

NetworkNewsBreaks –Splash Beverage Group Inc. (N

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Posted On: 06/11/2021 4:45:32 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks –Splash Beverage Group Inc. (NYSE American: SBEV) $15M Public Offering, NYSE American Uplisting to Commence

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.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer


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