---
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"
generated_at: "2026-05-15T13:18:17.203096+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-26-000385
- JSON: https://secwatch.observer/filing/0001731122-26-000385.json
- Plain text: https://secwatch.observer/filing/0001731122-26-000385.txt

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