Splash Beverage Group, Inc. (NYSE American: SBEV) will execute a 1-for-40 reverse stock split of its common stock, effective March 27, 2025. The company’s Board of Directors authorized this strategic financial maneuver to ensure compliance with NYSE American listing requirements.
Under the reverse stock split, every 40 existing shares will be consolidated into one new share. The total number of outstanding common shares will decrease from 61,711,017 to approximately 1,542,776, while the company’s authorized shares will be reduced from 300 million to 7.5 million.
The stock will continue trading under the ticker SBEV but will have a new CUSIP number. Shareholders holding shares in book-entry form or through a broker will not need to take any action. Fractional shares will be rounded up to the nearest whole share.
The reverse stock split will also proportionally adjust outstanding warrants and stock options. Each publicly traded warrant (SBEV-WT) will become exercisable into 1/40th of a share at an increased exercise price of $184.00.
This financial restructuring demonstrates Splash Beverage Group’s commitment to maintaining its listing on the NYSE American and potentially improving its stock’s market perception. The company, known for brands like Copa di Vino, SALT tequila, Chispo tequila, and Pulpoloco sangria, aims to enhance its market positioning through this strategic move.
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