Splash Beverage issues CEO 1,000 Series A preferred shares with 25M votes to secure authorized share increase

SPLASH BEVERAGE GROUP, INC.

CEO Robert Nistico purchased 1,000 Series A Preferred Shares for $1,000 total ($1.00/share) on June 9, 2025.
Each Series A share carries 25,000 votes, but voting limited only to the proposal to increase authorized shares at the special meeting.
Shares automatically redeem after shareholder approval of the authorized share increase or before the 2025 annual meeting record date.
CEO granted an irrevocable proxy to officers to vote the Series A shares proportionally to the common stock vote on the authorized share proposal.
The move aims to ensure passage of the authorized share increase, which is needed after the 1-for-40 reverse split on March 27, 2025.

item 1.01 item 5.03 item 3.02 item 3.03 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SPLASH BEVERAGE GROUP, INC.: Filed Certificate of Designation classifying and designating Series A Preferred Shares (effective 2025-06-09).

Change: charter amendment
Effective: 2025-06-09

Exact text from the filing

On June 9, 2025, the Company filed a Certificate of Designation (the “Certificate of Designation” and, collectively with the Subscription Agreement, the “Issuance Documents”) classifying and designating the Series A Preferred Shares with the Secretary of State of Nevada, which Certificate of Designation became effective on June 9, 2025.

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Source: SEC EDGAR

accession 0001731122-25-000876

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