RegulatoryMay 5, 2026, 07:11 PM
Splash Beverage Receives NYSE Non-Compliance Notice; Faces Delisting Risk
AI Summary
Splash Beverage Group received a notice from NYSE Regulation on April 29, 2026, for non-compliance with minimum shareholders' equity listing standards. The company must submit a plan by May 29, 2026, to regain compliance, with a potential cure period until January 29, 2027. Management is actively working to strengthen the balance sheet and is pursuing a potential business combination with Medterra CBD, LLC, with a draft merger agreement already submitted.
Key Highlights
- Splash Beverage received NYSE non-compliance notice on April 29, 2026.
- Non-compliance is due to minimum shareholders' equity listing standards.
- Company must submit a compliance plan to NYSE by May 29, 2026.
- Potential cure period extends through January 29, 2027, if plan accepted.
- Company is pursuing a potential merger with Medterra CBD, LLC.
- A draft Merger Agreement has been delivered to Medterra for comments.