Splash Beverage Group is navigating significant regulatory challenges with the NYSE American exchange, announcing its intent to appeal a potential delisting and addressing unusual trading activity in its stock.
The company revealed it has entered the appeal process with the Exchanges Listing Qualifications Panel after falling out of compliance with several sections of the Listed Company Manual by April 6, 2025. Despite being non-compliant, Splash remains confident it can resolve the shareholder equity deficiencies during the 60-to-90-day appeal period.
During the appeal, the company expects to continue trading both its common stock and warrants on NYSE American, subject to potential trading halts. Splash attributes the recent unusual market activity partially to algorithmic computer trading and short selling.
The company emphasized that it has not experienced any material developments since its last announcement regarding a potential merger or acquisition with Western Son Vodka. This transparency comes in line with NYSE American guidelines for addressing unexpected market fluctuations.
While the outcome remains uncertain, Splash Beverage Group's proactive approach to addressing the listing requirements demonstrates its commitment to maintaining its public market status and providing clarity to investors.
