Splash Beverage exchanges $12.7M debt for preferred equity; buys Costa Rica water rights

SPLASH BEVERAGE GROUP, INC.

Exchanged $12.67M of notes for 126,704 shares of Series B Preferred (stated $100, 12% div, convert at $6.00).
Sold 650 Series A-1 shares for $650K gross; convert after approval at lower of $4.00 or 80% 5-day VWAP (floor $1.25).
Acquired Costa Rica aquifer water rights for 20,000 Series C shares (stated $1K, convert at $3.00); $20M alternative if assets not delivered.
Believes shareholders' equity now >$6M, curing NYSE American deficiency; still needs to file delinquent 10-K and 10-Q.
Side letter gave three holders lower conversion of $1.50, 125% redemption premium, and price protection on Series B.

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