Splash Beverage Group Implements 1-for-40 Reverse Stock Split to Meet NYSE American Listing Requirements

Splash Beverage Group has announced a 1-for-40 reverse stock split, a strategic financial maneuver designed to maintain its listing on the NYSE American stock exchange. The reverse split, authorized by the company's Board of Directors on March 14, 2025, will reduce the total number of outstanding common shares from 61,711,017 to approximately 1,542,776.

The primary motivation behind the reverse stock split is to meet the per-share price requirements of the NYSE American. By consolidating 40 existing shares into a single new share, Splash Beverage Group aims to increase its stock price and ensure continued compliance with exchange listing standards.

Shareholders will experience no substantive change in their ownership percentage, with the exception of potential minor adjustments due to fractional share rounding. The company's stock will continue trading under the ticker SBEV but will be assigned a new CUSIP number to reflect the split.

The reverse split will also impact outstanding warrants and stock options, with proportional adjustments made to exercise prices. Specifically, each publicly traded warrant will become exercisable into 1/40th of a share at an increased exercise price of $184.00.

Stockholders holding shares in book-entry form or through a broker will not need to take any action. VStock Transfer LLC will serve as the exchange agent to facilitate the process, which is set to become effective at 5:00 p.m. Eastern Time on March 27, 2025, with trading expected to begin on a split-adjusted basis on March 28, 2025.