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Splash Beverage Group Faces Potential NYSE Delisting After Compliance Failure

Burstable News - Business and Technology News April 7, 2025
By Burstable News Staff
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Splash Beverage Group Faces Potential NYSE Delisting After Compliance Failure

Summary

Splash Beverage Group has received a notice from NYSE American indicating failure to meet listing requirements, potentially risking delisting unless successful in its planned appeal process within 60-90 days.

Full Article

Splash Beverage Group, a beverage portfolio company, is confronting a critical challenge with the New York Stock Exchange (NYSE) American after failing to demonstrate full compliance with listing requirements. The company received official notification that it did not meet the compliance standards by the end of its 18-month compliance plan period on April 6, 2025.

Unless Splash Beverage Group successfully appeals to the Exchange's Listing Qualifications Panel within seven days, the company risks having its stock delisting. However, during the appeals process, the company will continue to trade both its common stock and warrants on NYSE American, subject to potential trading halts.

The company was non-compliant with Sections 1003(a)(i), (ii), and (iii) of the Listed Company Manual. Despite this setback, Splash Beverage Group remains confident it can address the remaining shareholder equity deficiencies during the 60-to-90-day appeal window.

This development represents a significant moment for the beverage company, which owns brands including Copa di Vino, SALT tequilas, Chispo tequila, and Pulpoloco sangria. The potential delisting could impact investor confidence and the company's market visibility, making the upcoming appeal process crucial to its financial strategy.

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