debt
confidence high
sentiment neutral
materiality 0.50
Splash Beverage amends note maturity to Feb 2026; issues $588K senior notes with 15% OID
SPLASH BEVERAGE GROUP, INC.
- Borrowed $500,000 from two accredited investors; issued senior promissory notes with aggregate principal amount of $588,235.30 (15% original issue discount).
- Notes mature on February 12, 2026 (corrected from previously reported year); accrue interest at 6% starting 30 days after issuance.
- Holders may elect to apply outstanding principal and accrued interest as purchase consideration in future equity or debt offerings at fair value.
- Notes contain customary events of default leading to acceleration of maturity.