Splash Beverage raises $4M via 12% convertible notes and warrants

SPLASH BEVERAGE GROUP, INC.

Raised $4M from accredited investors via 12% convertible promissory notes due in 18 months; conversion price $1/share.
Issued warrants to purchase up to 4M shares at $0.25/share, exercisable for 5 years from issuance date.
Monthly conversion/exercise capped at 10% of total shares issuable under Notes and Warrants combined.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SPLASH BEVERAGE GROUP, INC. entered into Purchase Agreement with certain accredited investors valued at $4,000,000.

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: $4,000,000

Exact text from the filing

Splash Beverage Group, Inc. (the "Company") entered into a securities purchase agreements (the "Purchase Agreement") with certain accredited investors (the "Purchasers"). Pursuant to the Purchase Agreement, the Company sold the Purchasers 12% convertible 18-month promissory notes (the "Notes") convertible for up to 4,000,000 shares of the Company's common stock, $0.001 par value per share and warrants exercisable into 4,000,000 shares of the Company's common stock (the "Warrants") and received aggregate gross proceeds of $4,000,000.

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SPLASH BEVERAGE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001731122-23-000006

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