Curated News
By: NewsRamp Editorial Staff
March 21, 2025
Splash Beverage Group Implements Reverse Stock Split and Adds New CFO and Director
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- Splash Beverage Group, Inc. announces a 40 to 1 reverse stock split, increasing share price potential.
- The reverse stock split aims to address bid price deficiency, with trading expected to resume at $2.80.
- By adding experienced professionals and securing funding, Splash Beverage Group strives to enhance shareholder value and achieve long-term growth.
- Splash Beverage Group's diverse portfolio and strategic acquisitions pave the way for exciting transformations and enhanced market presence.
Impact - Why it Matters
This news matters as it demonstrates the Company's proactive approach to address financial challenges and enhance leadership. Shareholders can expect improved financial operations and strategic direction with the addition of experienced professionals. The focus on funding and acquisitions signals a commitment to long-term value creation.
Summary
Splash Beverage Group, Inc. announced a 40 to 1 reverse stock split, addressing the bid price deficiency on NYSE. The Company welcomed a new CFO, William Devereux, and a new director, Tom Fore, to enhance its financial and strategic expertise. Funding concerns and acquisitions are key focus areas for future growth.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Splash Beverage Group Implements Reverse Stock Split and Adds New CFO and Director
