Splash Beverage Group has regained NYSE compliance following the resolution of previously identified deficiencies. The company's strengthened financial foundation and positioning for growth allow it to be removed from the list of noncompliant issuers and late filers. Despite significant financial struggles, Splash Beverage Group owns a portfolio of beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria, aiming to expand its portfolio and global distribution network.
FORT LAUDERDALE, FL - July 2, 2025 - Splash Beverage Group, Inc. (NYSE American: SBEV) has successfully regained full compliance with the continued listing standards of the NYSE American, removing the ".BC" indicator from the list of noncompliant issuers. This achievement comes after the company addressed and resolved all deficiencies related to Sections 1003(a)(i), (ii), and (iii) of the NYSE American Company Guide [1].
The NYSE American formally notified the company on July 28, 2025, confirming the successful resolution of the issues. Robert Nistico, CEO of Splash Beverage Group, expressed his enthusiasm about the news, stating, "We are thrilled to share this important news with our shareholders, partners, and team. Preserving our NYSE American listing is a critical achievement that reflects the tremendous effort we've made this year to strengthen our financial foundation and position the Company for growth" [1].
Splash Beverage Group operates a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria. The company's strategy involves developing early-stage brands and acquiring established market brands to expand its portfolio and global distribution network [2].
Despite facing significant financial challenges, the company has demonstrated a commitment to financial discipline and governance. Bill Devereux, Chief Financial Officer, emphasized the company's focus on scaling intelligently, capturing high-value opportunities, and delivering outsized returns for shareholders [1].
The company will continue to be subject to NYSE American's continued listing monitoring procedures and remains dedicated to maintaining strong financial discipline and governance. For additional information, investors can refer to the Company's Form 8-K to be filed with the Securities and Exchange Commission on July 29, 2025 [1].
References:
[1] https://finance.yahoo.com/news/splash-beverage-group-announces-continuation-120000616.html
[2] https://www.nasdaq.com/press-release/splash-beverage-group-announces-continuation-its-listing-nyse-american-following-nyse
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