Curated News
By: NewsRamp Editorial Staff
March 17, 2025
Splash Beverage Group Announces Reverse Stock Split to Meet NYSE American Requirements
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SubstackTLDR
- The reverse stock split by Splash Beverage Group can potentially increase stock price and market appeal.
- The reverse split reduces outstanding shares from 61,711,017 to approximately 1,542,776 to meet NYSE American per share price requirements.
- Splash Beverage Group's strategic move aims to enhance market performance and investor confidence for a sustainable future.
- Learn how the reverse stock split by Splash Beverage Group impacts stock values and market dynamics for investors.
Impact - Why it Matters
This news matters as it directly impacts shareholders of Splash Beverage Group, Inc. The reverse stock split will affect the number of outstanding shares and ownership percentages, potentially influencing investment decisions and market perceptions of the company.
Summary
Splash Beverage Group, Inc. announced a reverse stock split, reducing outstanding shares from 61,711,017 to approximately 1,542,776. The split will ensure the company meets per share price requirements of the NYSE American.
The reverse split applies to common stock, warrants, and stock options, with adjustments made to exercise prices. The Company's transfer agent, VStock Transfer LLC, will act as the exchange agent for the split.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Splash Beverage Group Announces Reverse Stock Split to Meet NYSE American Requirements
