debt
confidence high
sentiment neutral
materiality 0.50
Splash Beverage Group issues $525K promissory note to investor in lieu of equity commitment shares
SPLASH BEVERAGE GROUP, INC.
- On January 26, 2026, entered Letter Agreement with C/M Capital Master Fund, LP to replace Commitment Shares (0.5% of ELOC) with a promissory note.
- Note initial principal $525,000, can increase to $700,000; bears no interest unless default (10% p.a.), matures January 26, 2028.
- Note is subordinate to September 2025 notes; mandatory prepayments from ELOC net proceeds after first $3 million equal to 30% of further proceeds.
- Investor waives any right to Commitment Shares under the September 2025 Securities Purchase Agreement.