Fort Lauderdale, FL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Splash Beverage Group, Inc. (NYSE American: SBEV ) (the “Company” or “Splash Beverage Group”), a portfolio company of leading beverage brands, earlier today announced an offering of common stock for aggregate gross proceeds of approximately $3.1 million, prior to deducting underwriting discounts, commissions, and other offering expenses.
Robert Nistico, Splash Beverage Group’s Chairman and CEO, commented, “This capital raise is to ensure we have sufficient inventory to fill orders and support the significant gains in distribution and chain retail authorizations for all our brands. We have announced numerous distribution and retail chain agreements recently, and it is critical to have sufficient inventory to support this activity, Additionally, it is imperative we do not run out of stock at this inflection point as our brands accelerate at retail, and we continue to add chains retail business … this is a very exciting time for us”
As previously announced, the Company has recently entered into distribution and retail chain agreements with Target department stores, am/pm, Circle K, 7-11, UNFI, Carey Distributors, Wantz Distribution, Central Distribution, Buck Distributing Lohr Distributing, and others.
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Acerca de Splash Beverage Group
Splash Beverage Group, una empresa innovadora en el sector de las bebidas, posee una creciente cartera de marcas de bebidas alcohólicas y no alcohólicas, entre las que se encuentran el vino por copa Copa di Vino, los tequilas de sabores SALT, la sangría Pulpoloco y la bebida de hidratación y recuperación TapouT. La estrategia de Splash consiste en desarrollar rápidamente las marcas en fase inicial que ya están en su cartera, así como adquirir y luego acelerar marcas que tienen gran visibilidad o son innovadoras en sus categorías. Dirigida por un equipo de gestión que ha creado y gestionado algunas de las principales marcas del sector de las bebidas y ha dirigido las ventas desde el lanzamiento de productos hasta los miles de millones, Splash está ampliando rápidamente su cartera de marcas y su distribución mundial.
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 31, 2022, 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.
Grupo de bebidas Splash