{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-26-000385","form_type":"8-K","ticker":"SBEV","cik":"0001553788","company_name":"SPLASH BEVERAGE GROUP, INC.","filed_at":"2026-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.414359+00:00","generated_at":"2026-05-15T13:18:17.203096+00:00","sec_items":["7.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"Splash Beverage signs LOI to merge with Medterra CBD for enterprise value of $37.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-26-000385","json":"https://secwatch.observer/filing/0001731122-26-000385.json","markdown":"https://secwatch.observer/filing/0001731122-26-000385.md","text":"https://secwatch.observer/filing/0001731122-26-000385.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1553788/000173112226000385/0001731122-26-000385-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1553788/000173112226000385/e7423_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T13:18:17.203096+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"}