{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-25-000910","form_type":"8-K","ticker":"SBEV","cik":"0001553788","company_name":"SPLASH BEVERAGE GROUP, INC.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.741296+00:00","generated_at":"2026-05-18T17:49:51.524204+00:00","sec_items":["1.01","1.02","3.02","5.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Splash Beverage exchanges $12.7M debt for preferred equity; buys Costa Rica water rights","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-25-000910","json":"https://secwatch.observer/filing/0001731122-25-000910.json","markdown":"https://secwatch.observer/filing/0001731122-25-000910.md","text":"https://secwatch.observer/filing/0001731122-25-000910.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1553788/000173112225000910/0001731122-25-000910-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1553788/000173112225000910/e6672_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T17:49:51.524204+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}