secwatch.observer — SEC 8-K summary
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Issuer:     SPLASH BEVERAGE GROUP, INC. (SBEV)
CIK:        0001553788
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001731122-26-000385
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1553788/000173112226000385/0001731122-26-000385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1553788/000173112226000385/e7423_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-26-000385

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