SBEV

Splash Beverage Group's stock has experienced significant volatility. The company received a notice from the NYSE regarding non-compliance with minimum shareholders' equity listing standards and is required to submit a plan to regain compliance. The company announced the initial closing of a private placement, securing over $4 million in operating capital, with a second tranche of $4 million also distributed, and retired a $2.4 million financing from the previous year. Splash Beverage Group signed a Letter of Intent for a potential acquisition and merger with Medterra and is planning the acquisition of Western Son Vodka. Brady Cobb was appointed to the Board of Directors, while Justin Yorke and Robert Nistico resigned. The company faced a disputed secured loan demand of $2.83 million and costly extensions of settlement obligations. SBEV's stock price has decreased significantly, and shareholders have experienced substantial dilution. The company delayed its annual 10-K filing.