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

Splash Beverage Group has announced a 1-for-40 reverse stock split of its common stock, designed to address NYSE American listing requirements and potentially improve the company's market perception. The reverse split will take effect on March 27, 2025, at 5:00 p.m. Eastern Time.

Under the terms of the split, every 40 existing shares will be consolidated into one new share. The total number of outstanding shares will decrease from 61,711,017 to approximately 1,542,776. The company's authorized shares will also be reduced proportionally from 300 million to 7.5 million.

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

Shareholders holding shares through brokers or in book-entry form will not need to take any action. No fractional shares will be issued, with small fractional amounts rounded up to the nearest whole share.

By implementing this reverse split, Splash Beverage Group aims to maintain its listing on the NYSE American exchange and potentially attract investor interest through improved stock price perception. The move reflects a strategic approach to meeting exchange compliance requirements while preserving existing shareholders' proportional ownership.