debt
confidence high
sentiment neutral
materiality 0.65
Splash Beverage Group raises $2.05M via convertible notes and warrants; total offering up to $15M
SPLASH BEVERAGE GROUP, INC.
- Issued $2.05M convertible notes (conversion price $0.35/share) and warrants for up to 2.93M shares at $0.4375.
- Notes mature Sept 1, 2029; 9% interest; proceeds for working capital.
- Securities purchase agreement allows up to $15M total offering through Sept 30, 2024, extendable to Nov 30.
- Warrants exercisable for cash only; company to file registration statement for underlying shares within 18 months.
- Offering is unregistered, relying on Regulation D accredited investor exemption.