Splash Beverage Group Faces NYSE Delisting Notice Due to Low Trading Prices

Splash Beverage Group has received a notice from NYSE Regulation about the commencement of delisting proceedings for its publicly traded warrants due to low trading prices. The delisting will not affect the company's common stock listing or business operations. The warrants may still be quoted on an over-the-counter market, but there is no assurance of this happening. Analysts have a neutral view on SBEV stock due to significant financial struggles and ongoing liquidity challenges.

Splash Beverage Group, Inc. (SBEV) has received a notice from NYSE Regulation that the NYSE American LLC has determined to commence delisting proceedings for its publicly traded warrants to purchase shares of common stock for $184.00 per share, listed under the ticker symbol SBEV-WT. The warrants are no longer deemed suitable for continued listing on the NYSE American due to their low trading price [1].

The delisting decision, effective immediately, will not impact the listing or trading of SBEV's common stock, which remains listed on the NYSE American under the ticker symbol SBEV. Additionally, the delisting will have no effect on the company's business operations or its ongoing reporting obligations under SEC rules [1].

Following the delisting, the warrants may be eligible for quotation on an over-the-counter market, such as the OTC Pink tier of OTC Markets Group Inc., if a market maker applies for and obtains approval from FINRA to quote the securities. However, there is no assurance that any market maker will apply to quote the Warrants, or that any such trading will commence or be sustained [1].

Analysts have maintained a neutral view on SBEV stock due to significant financial struggles and ongoing liquidity challenges [2]. The company owns and operates a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria. SBEV's strategy includes developing early-stage brands and acquiring brands with established market presence or category innovation [1].

For more information, visit: www.SplashBeverageGroup.com

References:
[1] https://finance.yahoo.com/news/splash-beverage-group-inc-announces-160457738.html
[2] https://www.marketscreener.com/news/splash-beverage-group-inc-announces-nyse-american-to-commence-delisting-proceedings-for-warrants--ce7c5fded881f621