---
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"
generated_at: "2026-05-18T17:49:51.524204+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 5.03, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-25-000910
- JSON: https://secwatch.observer/filing/0001731122-25-000910.json
- Plain text: https://secwatch.observer/filing/0001731122-25-000910.txt

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