Fatima Dhalla was appointed as Interim Chief Financial Officer at SPLASH BEVERAGE GROUP, INC..
“Effective September 28, 2023, the Board of Directors of the Company appointed Fatima Dhalla as the Interim Chief Financial Officer.”
SPLASH BEVERAGE GROUP, INC. — fact timeline
Source-grounded facts extracted from SPLASH BEVERAGE GROUP, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Ronald Wall resigned as Chief Financial Officer at SPLASH BEVERAGE GROUP, INC..
“On September 26, 2023, Ronald Wall resigned as Chief Financial Officer of Splash Beverage Group, Inc.”
SPLASH BEVERAGE GROUP, INC. reported the second quarter period ended June 30, 2023 results: revenue $5.2 million, net income $5.6 million.
“● Net revenues for the second quarter period ending June 30, 2023, were $5.2 million to $4.5 million in the prior year period, an of 15% over the prior year period. For the six-month period, revenues reached $11.0 million to $8.4 million in the prior year period and an of 31%. The in revenue was primarily due to sales from our B2B and B2C e-commerce platform, Qplash, which reflected an in territory coverage, new products and larger purchases per customer. In the six-month period, overall e-commerce sales 43% over the prior year period and the beverage business 7%. ● Gross profit for the second quarter period ending June 30, 2023, was $1.7 million to $1.3 million in the prior year period. Gross margin in the second quarter of 32% was a 90-basis point improvement over the prior year period, with cost efficiencies and product mix driving the improvements. Six-month gross profit was $3.5 million to $2.6 million in the prior year period, a 34.6% increase. ● TapouT Energy Drink launched towa”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,600,000 with certain accredited investors at 12% per annum maturing twelve to eighteen months from the issuance date.
“From May through July, the Company entered into a series of securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreements, the Company sold the Purchasers 12% convertible 12 to 18-month promissory notes (the “Notes”) convertible for up to 1,600,000 shares of the Company’s common stock, $0.001 par value per share and warrants exercisable into 800,000 shares of the Company’s common stock (the “Warrants”) and received aggregate gross proceeds of $1,600,000.”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,100,000 with an accredited investor at 0% maturing twelve months from the issuance date.
“On August 10, 2023, the Company and Investor entered into an amendment to the SPA (“Amendment”), pursuant to which the Company sold and issued to the Investor, an additional note (the “Second Investor Note”) convertible for up to 1,100,000 shares of the Company’s common stock, $0.001 par value per share, for aggregate gross proceeds of $1,100,000.”
SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $2,000,000 with an accredited investor at 0% maturing twelve months from the issuance date.
“On February 28, 2023, Splash Beverage Group, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”). Pursuant to the SPA, the Company sold to the Investor, convertible 12-month promissory notes (the “Investor Note”) convertible for up to 2,000,000 shares of the Company’s common stock, $0.001 par value per share and received aggregate gross proceeds of $2,000,000.”
SPLASH BEVERAGE GROUP, INC. entered into Purchase Agreements with certain accredited investors valued at $1,600,000.
“From May through July, the Company entered into a series of securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreements, the Company sold the Purchasers 12% convertible 12 to 18-month promissory notes (the “Notes”) convertible for up to 1,600,000 shares of the Company’s common stock, $0.001 par value per share and warrants exercisable into 800,000 shares of the Company’s common stock (the “Warrants”) and received aggregate gross proceeds of $1,600,000.”
SPLASH BEVERAGE GROUP, INC. amended Amendment with Investor valued at $1,100,000 (effective 2023-08-10).
“On August 10, 2023, the Company and Investor entered into an amendment to the SPA (“Amendment”), pursuant to which the Company sold and issued to the Investor, an additional note (the “Second Investor Note”) convertible for up to 1,100,000 shares of the Company’s common stock, $0.001 par value per share, for aggregate gross proceeds of $1,100,000.”
SPLASH BEVERAGE GROUP, INC. entered into Securities Purchase Agreement with an accredited investor valued at $2,000,000 (effective 2023-02-28).
“On February 28, 2023, Splash Beverage Group, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”).”
SPLASH BEVERAGE GROUP, INC. engaged Rose, Snyder & Jacobs LLP as its auditor.
“he approval of the Audit Committee, the Company engaged Rose, Snyder & Jacobs LLP (“Rose, Snyder & Jacobs”), as the Company’s new independent registered public accounting firm for the Company’s”
SPLASH BEVERAGE GROUP, INC. dismissed CohnReznick LLP as its auditor.
“(a) Dismissal of Independent Registered Public Accounting Firm On June 13, 2023, at the recommendation of the audit committee, the members of the Board of Directors (“Board”) of Splash Beverage Group, Inc. (the “Company”), dismissed CohnReznick LLP (“CohnReznick”) as the Company’s independent registered public accounting firm, effective”
SPLASH BEVERAGE GROUP, INC. received a nyse_american noncompliance notice notice regarding late filing.
“May 23, 2023, Splash Beverage Group, Inc. (the “Company”) received a notice from NYSE Regulation of noncompliance with the NYSE American continued listing standards (the “Notice”). The Company failed to timely file the Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the “10-Q”), which was due to be filed with the Securities and Exchange Commission (“SEC”) no later than May 22, 2023 (the “Filing Delinquency”). As required by the Notice, the Company will issue a press release disclosing the occurrence of the Filing Delinquency. The Company was unable to file the 10-Q because a”
SPLASH BEVERAGE GROUP, INC. engaged CohnReznick as its auditor.
“On May 4, 2023, upon the approval of the Audit Committee, the Company engaged CohnReznick as the Company’s new independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023 and interim periods.”
Daszkal resigned as auditor of SPLASH BEVERAGE GROUP, INC..
“On May 3, 2023, Daszkal affirmed to the Company that it had resigned as the Company’s independent registered accounting firm.”
SPLASH BEVERAGE GROUP, INC. entered into Purchase Agreement with certain accredited investors valued at $4,000,000.
“Splash Beverage Group, Inc. (the "Company") entered into a securities purchase agreements (the "Purchase Agreement") with certain accredited investors (the "Purchasers"). Pursuant to the Purchase Agreement, the Company sold the Purchasers 12% convertible 18-month promissory notes (the "Notes") convertible for up to 4,000,000 shares of the Company's common stock, $0.001 par value per share and warrants exercisable into 4,000,000 shares of the Company's common stock (the "Warrants") and received aggregate gross proceeds of $4,000,000.”
SPLASH BEVERAGE GROUP, INC.: Increased authorized shares of common stock from 150,000,000 to 300,000,000 (effective 2022-12-21).
“On December 21, 2022, Splash Beverage Group, Inc. (the “Company”) filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada to increase the number of authorized shares of the Company’s common stock from 150,000,000 to 300,000,000 shares (the “ Charter Amendment ”).”
SPLASH BEVERAGE GROUP, INC. shareholders approved Ratification of Appointment of Independent Auditor at the 2022-12-15 meeting.
“Proposal 3: Ratification of Appointment of Independent Auditor. Stockholders approved the ratification of the appointment of Daszkal Bolton LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022.”
SPLASH BEVERAGE GROUP, INC. shareholders approved Approval of an Amendment to the Articles of Incorporation to increase the number of authorized shares of common stock from 150,000,000 to 300,000,000 at the 2022-12-15 meeting.
“Proposal 2: Approval of an Amendment to the Articles of Incorporation. Stockholders approved an amendment to the Company’s Articles of Incorporation, as amended, to increase the number of authorized shares of common stock, $.001 from 150,000,000 to 300,000,000.”
SPLASH BEVERAGE GROUP, INC. shareholders approved Election of Directors at the 2022-12-15 meeting.
“Proposal 1: Election of Directors. Stockholders elected each of the following nominees as directors to hold office until the next meeting of the Company’s stockholders and until his or her successor is elected and qualified.”
SPLASH BEVERAGE GROUP, INC. reported the quarter ended September 30, 2022 results: revenue $5.1 million, net income $5.1 million.
“EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 e4241_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 Splash Beverage Group Reports Third Quarter 2022 Financial Results Revenues Increase 73% with $5.1 Million in Gross Sales Fort Lauderdale, Florida, November 16, 2022 – On November 15, 2022, Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio”
Fatima Dhalla changed role as Independent Consultant at SPLASH BEVERAGE GROUP, INC..
“former Interim Chief Financial Officer, Fatima Dhalla, will continue with the Company as an independent consultant.”
Ronald Wall was appointed as Chief Financial Officer at SPLASH BEVERAGE GROUP, INC..
“the Board of Directors of Splash Beverage Group, Inc. (the “Company”) appointed Ronald Wall to serve as Chief Financial Officer of the Company, effective May 2, 2022.”
Fatima Dhalla was appointed as Interim Chief Financial Officer at SPLASH BEVERAGE GROUP, INC..
“Effective February 18, 2022, the Board of Directors of the Company appointed Fatima Dhalla as the Interim Chief Financial Officer.”
Dean Huge resigned as Chief Financial Officer at SPLASH BEVERAGE GROUP, INC..
“On February 17, 2022, Dean Huge resigned as Chief Financial Officer of Splash Beverage Group, Inc.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.