---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001643"
form_type: "8-K"
ticker: "SBEV"
cik: "0001553788"
company_name: "SPLASH BEVERAGE GROUP, INC."
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:37:45.557184+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Splash Beverage receives default notice on $3.7M in convertible notes; interest jumps to 18%

## Summary
- On Sep 26, 2024, lenders declared default on Sep 2023 ($1.25M), May 2024 ($1.85M) and Aug 2024 ($0.6M) notes for missed registration filing.
- Default triggers 18% interest rate on all three notes; company may face material adverse effect on liquidity and could become insolvent.
- New $4M convertible note offering closed $5M so far (target $10-12M); notes bear 9% interest, convert at $0.35, warrants at $0.4375.
- Conversion prices on Sep and May notes adjusted to $0.25; Aug note conversion adjusted to $0.30 under antidilution provisions.
- Company is attempting to resolve defaults but cannot guarantee favorable terms; no enforcement action taken to date.

## SEC filing metadata
- accession: 0001731122-24-001643
- form_type: 8-K
- ticker: SBEV
- cik: 0001553788
- company_name: SPLASH BEVERAGE GROUP, INC.
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1553788/000173112224001643/0001731122-24-001643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1553788/000173112224001643/e6016_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001643
- JSON: https://secwatch.observer/filing/0001731122-24-001643.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001643.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.