Cash Position
The company has -0.1 months of cash left based on the quarterly cash burn of $2.02 M and estimated current cash of $-115.70 k
Commentary on Financial Condition
Splash Beverage Group is facing significant liquidity challenges, with a substantial decrease in revenue due to limited inventory and increased interest expenses from new loans. The company has only $456,889 in cash and cash equivalents as of September 30, 2024, and acknowledges the need to raise additional capital to continue operations, raising substantial doubt about its ability to continue as a going concern for the next twelve months. The company plans to pursue additional equity or debt financing, but there is no assurance that these funds will be available or sufficient, potentially leading to curtailment or cessation of operations., Filed At: 2024-11-15
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
3/28/2025
40 to 1
6/11/2021
3 to 1
Pending Offering
Title | Details | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
SHARE RESALE REGISTRATION | For the August and May 2024 Warrants and Convertible Notes | - | 2.07 M | - | 340.87 k | - | Dec 9, 2024 | S-1 |
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
EXPIRED-September 2021 SHELF | Offering amount: $200,000,000.00 | Float: 23,148,000 | $3,667,747.00 | $200.00 M | 0 | 1.38 M | 8 | 54.53 | 11.00 M | 10/12/2024 | 10/12/2021 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
August 2024 - - Note Warrants | Pending Effect | 285,714 | $15.20 | - | 285,714 | - | - | Aug 21, 2029 | Aug 26, 2024 | ||||
May 2024 - Warrants | Pending Effect | 115,625 | $10.00 | - | 115,625 | N/A | Full Ratchet | - | - | May 1, 2024 | |||
April 2024 - - April 2024 - Warrants Issued before Listing | Not Registered | 154,221 | $84.40 | - | 154,221 | N/A | N/A | - | - | Apr 7, 2024 | |||
September 2023 - Warrants | Pending Effect | 31,250 | $10.00 | - | 31,250 | N/A | Full Ratchet | - | - | Sep 29, 2023 | |||
December 2022 - Warrants | Registered | 100,000 | $10.00 | - | 100,000 | Target Capital | Customary Anti-Dilution | - | - | Dec 27, 2022 | |||
June 2021 - Warrants | Registered | 93,750 | $184.00 | - | 93,750 | Armistice, CVI, Sabby, Shay | Customary Anti-Dilution | - | - | Jun 15, 2021 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
August 2024 - - Convertible Promissory Note | Pending Effect | 285,714 | $14.00 | $4,000,000.00 | $4,000,000.00 | - | Customary Anti-Dilution | - | Sep 1, 2029 | Aug 26, 2024 | |||
May 2024 - Convertible Note | Pending Effect | 185,000 | $10.00 | $1,850,000.00 | $1,850,000.00 | N/A | Full Ratchet | - | - | May 1, 2024 | |||
September 2023 - Convertible Note | Pending Effect | 138,166 | $10.00 | $1,381,656.00 | $2,000,000.00 | N/A | Full Ratchet | - | - | Sep 29, 2023 | |||
December 2022 - Convertible Note | Pending Effect | 121,250 | $40.00 | $4,850,000.00 | $6,000,000.00 | Target Capital | Customary Anti-Dilution | - | - | Dec 27, 2022 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
PRIVATE PLACEMENT, DEBT OFFERING | $4.00 M | 285.71 k | - | 285.71 k | N/A | - | Oct 22, 2024 | 8-K | |
PRIVATE PLACEMENT, DEBT OFFERING | $2.05 M | 146.43 k | - | 73.21 k | N/A | - | Aug 26, 2024 | 8-K | |
PRIVATE PLACEMENT | $1.85 M | 115.63 k | $16.00 | 115.63 k | - | - | May 1, 2024 | 8-K | |
PRIVATE PLACEMENT | $1.25 M | 36.76 k | $34.00 | 31.25 k | - | - | Sep 29, 2023 | 8-K | |
PRIVATE PLACEMENT | $4.00 M | 100.00 k | $40.00 | 100.00 k | - | Target Capital | Jan 3, 2023 | 8-K | |
REGISTERED OFFERING (UNDERWRITTEN) | $3.10 M | 50.00 k | $62.00 | 0.00 | EF Hutton | - | Sep 23, 2022 | 8-K | |
REGISTERED OFFERING (UNDERWRITTEN) | $8.00 M | 50.00 k | $160.00 | 0.00 | EF Hutton | - | Feb 14, 2022 | 8-K | |
UPLIST | $15.00 M | 93.75 k | $160.00 | 93.75 k | Kingswood | Armistice, CVI, Sabby, Shay | Jun 11, 2021 | 8-K |