Splash Beverage signs LOI to merge with Medterra CBD for enterprise value of $37.6M

SPLASH BEVERAGE GROUP, INC.

Merger would issue ~75.2M shares, including up to 19.99% common stock and two series of convertible preferred.
Company must raise capital to repay Medterra's ~$10.4M debt as a condition to close.
Convertible preferred Series X and X-1 have $0.50 conversion price, downside protection, and 110% OID.
Medterra must deliver minimum $4M net working capital at closing; deal subject to due diligence and definitive agreement.
Shareholder approval required for change of control; failure to use commercially reasonable efforts triggers $250K liquidated damages.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.