8-K
filed December 18, 2023, 6:59 PM ET
ticker SBEV
CIK 0001553788
other material
confidence high
sentiment neutral
materiality 0.30
Splash Beverage Group obtains investor waiver extending registration deadlines to avoid note default
SPLASH BEVERAGE GROUP, INC.
- Waiver with Cavalry Fund I, LP extends registration filing deadline to Dec 29, 2023 and effectiveness to 120 days after filing.
- Prevents event of default under $1.25M convertible note and related warrants issued September 2023.
- One-time waiver; all other terms of the original agreements remain unchanged.
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 Waiver Agreement with Purchaser (effective 2023-12-12).
- Action
- entry
- Counterparty
- Purchaser
- Effective
- 2023-12-12
Exact text from the filing
On December 12, 2023, the Company and Purchaser entered into a waiver agreement (the “Waiver Agreement”) pursuant to which the Purchaser agreed to modify the following
View on SEC.gov
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 $1,250,000 (effective 2023-09-29).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain accredited investors
- Value
- $1,250,000
- Effective
- 2023-09-29
Exact text from the filing
on September 29, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreement, the Company sold the Purchasers: (i) senior convertible notes in the aggregate original principal amount of $1,250,000
View on SEC.gov
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