The NYSE American-listed company said the moves support its exchange compliance plan, with the stock split set to take effect after the market closes on July 24, 2026.
Splash Beverage Group said it reached settlements with multiple legacy creditors covering about $3.3 million of accounts payable and accrued liabilities for roughly $550,000 in aggregate cash consideration, a step expected to generate an approximate $2.75 million gain from extinguishment of indebtedness, subject to final accounting review. The company said the settlements eliminate about 84% of the negotiated obligations while requiring about 17% of face value to satisfy the claims. The board also approved a 1-for-4 reverse stock split to support continued compliance with NYSE American's minimum share price requirements under the company's previously announced Exchange-approved compliance plan. The split will reduce outstanding common shares from about 25.2 million to about 6.3 million and authorized shares from 400 million to 100 million. Splash said its stock will keep trading under the symbol SBEV and will receive a new CUSIP number, 84862C401. The reverse split is scheduled to become effective after the market closes on July 24, 2026, following an amendment to the company's articles of incorporation, with post-split trading set for July 27, 2026. Outstanding stock options, warrants, restricted stock units, preferred stock conversion ratios, and shares reserved under equity incentive plans will be adjusted proportionally, and fractional shares will be rounded down to the nearest whole share. Interim Chief Executive Officer Brady Cobb said the actions are part of a broader effort to strengthen liquidity, improve stockholders' equity, preserve the NYSE American listing, and advance a strategic transformation toward a cannabinoid health, wellness, and biopharmaceutical platform.