Splash Beverage Group, a portfolio beverage company, disclosed it has received a critical notice from NYSE American challenging its continued stock listing. The company was informed it failed to demonstrate full compliance with exchange requirements by the end of its compliance plan period on April 6, 2025.
According to the notice, Splash Beverage Group did not meet Sections 1003(a)(i), (ii), and (iii) of the Listed Company Manual. Unless the company successfully appeals through the Exchanges Listing Qualifications Panel, it faces potential delisting from the exchange.
The company plans to appeal the determination within the mandated 7-day notification window. During the anticipated 60-to-90-day appeal process, Splash Beverage Group will continue trading both its common stock and warrants on NYSE American, subject to potential trading halts.
While the company expressed confidence in its ability to resolve the shareholder equity deficiency, it acknowledged there is no guarantee of a successful appeal. This development could significantly impact the company's market standing and investor perception.
The notice underscores the stringent compliance requirements imposed by stock exchanges and the potential financial and reputational risks companies face when failing to meet these standards.
