Splash Beverage Group Receives NYSE Delisting Notice; Equity Negative $15.3M
Splash Beverage Group received a notice from NYSE Regulation for non-compliance with the $6 million shareholders' equity requirement, reporting a negative shareholders' equity of $15.3 million as of December 31, 2025. The company must submit a compliance plan by May 29, 2026, and expects to regain compliance if its merger with Medterra CBD, LLC closes. Additionally, the company engaged in several financing activities, including borrowing $30,000 from DMF Ventures with an associated stock option, selling $200,000 of Series A-1 Convertible Preferred Stock to Kevin Digmann with various rights and warrants, and canceling Series D Preferred Stock in exchange for 227,200 common shares. The company also withdrew the designation of Series D Preferred Stock.
Key Highlights
- Received NYSE notice for non-compliance with $6 million shareholders' equity rule.
- Reported shareholders' equity of negative $15,300,828 as of December 31, 2025.
- Must submit a plan to NYSE by May 29, 2026, to regain compliance by January 29, 2027.
- Borrowed $30,000 from DMF Ventures, granting an option to purchase $300,000 of common stock.
- Sold $200,000 of Series A-1 Convertible Preferred Stock to Kevin Digmann.
- Issued warrants to purchase 50,000 common shares at $4.00 to Kevin Digmann.
- Canceled Series D Preferred Stock in exchange for 227,200 common shares.
- Withdrew the designation of Series D Convertible Preferred Stock.