OTHER INFORMATION
+Added: Subsequent Events
+Added: Reinstatement of Continued Listing Compliance
+Added: As disclosed in the Company’s Current Report
+Added: on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on July 30, 2025, on July 28, 2025, the Company
+Added: received two letters from NYSE Regulation confirming that the Company has regained compliance with the continued listing standards of
+Added: NYSE American LLC (the “Exchange”).
+Added: The first letter confirmed that the Company is now
+Added: in compliance with all applicable continued listing standards set forth in Part 10 of the NYSE American Company Guide.
+Added: Specifically, the
+Added: Company resolved the previously identified deficiencies under Sections 1003(a)(i), (ii), and (iii), as initially referenced in the Exchange’s
+Added: notices dated October 6, 2023, December 20, 2023, and June 5, 2024.
+Added: As a result, the “.BC” indicator was removed, and the
+Added: Company was removed from the Exchange’s list of noncompliant issuers as of the opening of trading on July 29, 2025.
+Added: The second letter confirmed that the Company had filed
+Added: its previously delayed Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and Quarterly Report on Form 10-Q for the
+Added: quarter ended March 31, 2025, on July 11, 2025.
+Added: Accordingly, the Company regained compliance with Section 1007 of the NYSE American Company
+Added: Guide, the “.LF” indicator was removed from the Company’s NYSE profile, and the Company was removed from the Exchange’s
+Added: list of late filers.
+Added: Delisting and Deregistration of Public Warrants
+Added: As previously disclosed in the Company’s Current
+Added: Report on Form 8-K filed with the SEC on July 29, 2025, on July 23, 2025, the Company received notice from NYSE Regulation that it had
+Added: determined to commence delisting proceedings with respect to the Company’s publicly traded warrants (the “Public Warrants”)
+Added: to purchase common stock at an exercise price of $1.84 per share, which were listed on NYSE American under the symbol SBEV-WT.
+Added: in the Public Warrants was suspended immediately on July 23, 2025.
+Added: The NYSE Regulation’s determination to delist was based on Section
+Added: 1001 of the NYSE American Company Guide due to the low trading price of the Public Warrants.
+Added: The Company did not appeal this determination.
+Added: On August 5, 2025, NYSE Regulation filed a Form 25
+Added: with the SEC to formally delist and deregister the Public Warrants under Section 12(b) of the Securities Exchange Act of 1934, as amended
+Added: (the “Exchange Act”).
+Added: The delisting is expected to become effective on August 15, 2025, ten calendar days after the filing
+Added: The deregistration of the Public Warrants under Section 12(b) of the Exchange Act will become effective 90 days after the filing,
+Added: unless the SEC shortens the period.
+Added: The delisting and deregistration of the Public Warrants
+Added: do not affect the continued listing of the Company’s common stock on NYSE American under the symbol SBEV, nor do they impact the
+Added: Company’s business operations or ongoing reporting obligations under the Exchange Act.
Rule 10b5-1 Trading Arrangement
−Removed: During the three months ended March 31, 2025,
−Removed: no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1
−Removed: trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
+Added: During the six months ended
+Added: June 30, 2025, no director or officer of the Company adopted or terminated a “Rule
+Added: 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation
(a) Exhibits required by Item 601
1 unchanged sentence
Certificate of Designation of Series A Preferred Stock (incorporated by reference herein to Exhibit 3.1 filed with Form 8-K filed with the SEC on June 13, 2025)
−Removed: Certificate of Change filed with the Secretary of State of Nevada
Certificate of Designations, Preferences Rights and Limitations of the Series A-1 Convertible Redeemable Preferred Stock (incorporated by reference herein to Exhibit 3.1 filed with Form 8-K filed with the SEC on June 26, 2025)
1 unchanged sentence
Certificate of Designations, Preferences Rights and Limitations of the Series C Convertible Preferred Stock (incorporated by reference herein to Exhibit 3.3 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Form of A Warrant (incorporated by reference herein to Exhibit 4.1 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Form of B Warrant (incorporated by reference herein to Exhibit 4.2 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Subscription and Investment Representation Agreement, dated June 10, 2025, Between Splash Beverage Group, Inc., and Robert Nistico (incorporated herein by reference to Exhibit 10.1 filed with Form 8-K filed with the SEC on June 13, 2025)
−Removed: Form of Securities Purchase Agreement (incorporated herein by reference to Exhibit 10.1 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Form of Securities Exchange Letter Agreement*** (incorporated herein by reference to Exhibit 10.2 filed with Form 8-K filed with the SEC on June 26, 2025)
+Added: and Investment Representation Agreement, dated June 10, 2025, Between Splash Beverage Group, Inc., and Robert Nistico (incorporated herein
+Added: by reference to Exhibit 10.1 filed with Form 8-K filed with the SEC on June 13, 2025)
+Added: of Securities Purchase Agreement (incorporated herein by reference to Exhibit 10.1 filed with Form 8-K filed with the SEC on June 26,
+Added: of Securities Exchange Letter Agreement*** (incorporated herein by reference to Exhibit 10.2 filed with Form 8-K filed with the SEC on
+Added: June 26, 2025)
Form of Registration Rights Agreement*** (incorporated herein by reference to Exhibit 10.3 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Form of Side Letter Agreement (incorporated herein by reference to Exhibit 10.4 filed with Form 8-K filed with the SEC on June 26, 2025)
+Added: of Side Letter Agreement (incorporated herein by reference to Exhibit 10.4 filed with Form 8-K filed with the SEC on June 26, 2025)
Acquisition Agreement*** (incorporated herein by reference to Exhibit 10.5 filed with Form 8-K filed with the SEC on June 26, 2025)
−Removed: Certification
−Removed: of CEO and Principal Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)*
−Removed: Certification
−Removed: of CFO and Principal Financial and Accounting Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)*
−Removed: Certification
−Removed: of CEO and Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Filed herewith electronically**
−Removed: Certification
−Removed: of CFO and Principal Financial and Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Filed herewith electronically**
+Added: Form of Warrant (incorporated by reference herein to Exhibit 4.1 filed with Form 8-K filed with the SEC on October 6, 2023)
+Added: Certification of CEO and Principal Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)*
+Added: Certification of CFO and Principal Financial and Accounting Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)*
+Added: Certification of CEO and Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Filed herewith electronically**
+Added: Certification of CFO and Principal Financial and Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Filed herewith electronically**
+Added: XBRL Exhibits
* Filed herewith
** Furnished herewith
+Added: *** Certain schedules, appendices and exhibits to this agreement have been
+Added: omitted in accordance with Item 601(b)(2) of Regulation S-K.
+Added: A copy of any omitted schedule and/or exhibit will be furnished supplementally
+Added: to the Securities and Exchange Commission staff upon request.
Pursuant to the requirements of
1 unchanged sentence
duly authorized.
−Removed: SPLASH BEVERAE GROUP, INC.
−Removed: July 11, 2025
+Added: SPLASH BEVERAGE GROUP, INC.
+Added: August 14, 2025
+Added: /s/ Robert Nistico
Robert Nistico, Chairman and CEO
(Principal Executive Officer)
−Removed: July 11, 2025
+Added: August 14, 2025
+Added: /s/ William Devereux
William Devereux, CFO
−Removed: (Principal Accounting Officer and Principal Financial
+Added: (Principal Accounting Officer and Principal Financial Officer)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.