other material
confidence high
sentiment neutral
materiality 0.15
Splash Beverage stockholders approve dilutive share issuance of up to 9.25M shares
SPLASH BEVERAGE GROUP, INC.
- Stockholders approved issuance of shares upon conversion of $4.625M convertible notes and exercise of warrants dated May 1, 2024.
- Vote results: 15.9M for, 3.2M against, 68k abstain; no broker non-votes.
- Issuance represents more than 20% of outstanding common stock, required NYSE American approval under Section 713.
- Special meeting on July 31, 2024 had 19.1M shares represented out of 52.0M outstanding.