Splash Beverage Group has initiated an appeal process with the NYSE American Exchanges Listing Qualifications Panel after experiencing unusual market trading activity and receiving a notice of non-compliance with listing requirements.
The company was found out of compliance with Sections 1003(a)(i), (ii), and (iii) of the Listed Company Manual by the end of its 18-month compliance plan period, which expired on April 6, 2025. Despite this setback, Splash Beverage Group remains optimistic about resolving the remaining shareholder equity deficiencies during the 60-to-90-day appeal process.
According to the company, the unusual trading activity may be attributed to algorithmic computer trading and short selling activities. In alignment with NYSE American Company Guide protocols, Splash has conducted an internal review and determined there have been no material developments since its last announcement regarding a potential merger or acquisition with Western Son Vodka.
During the appeal process, the company has been informed that it will continue to trade both common stock and warrants on the NYSE American exchange, subject to potential trading halts. While Splash maintains confidence in meeting the exchange’s requirements, the company acknowledges there is no absolute guarantee of success.
The beverage company, which owns a portfolio of alcoholic and non-alcoholic brands including Copa di Vino, SALT tequilas, Chispo tequila, and Pulpoloco sangria, has strategically notified the Listing Qualification Panel within the required seven-day window after receiving the non-compliance notice.
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