SPLASH BEVERAGE GROUP (SBEV) Company Report

Splash Beverage Group, Inc. (SBEV) announced on January 27, 2026, that Senor Frog's has selected its Chispo® Tequila as its house tequila.
This partnership covers an initial group of locations in Florida, the Bahamas, and Mexico.
The selection represents Chispo's first high-profile national hospitality partner, providing early validation and scaling potential in the on-premise channel.
Splash Beverage Group views this as an important initial platform within Grupo Anderson's Mexico's portfolio, potentially leading to expanded collaboration across additional restaurant concepts.

Jan 27, 2026, 3:04 PM

Splash Beverage Group, Inc. Issues Promissory Note to C/M Capital Master Fund, LP

SBEV

Debt Issuance

On January 26, 2026, Splash Beverage Group, Inc. (SBEV) issued a promissory note to C/M Capital Master Fund, LP, replacing commitment shares from a Securities Purchase Agreement dated September 19, 2025.
The note has an initial principal amount of $525,000, which can increase up to $700,000, and matures on January 26, 2028.
It bears no interest unless an event of default occurs, at which point interest accrues at 10% per annum.
The note is subject to mandatory prepayments of 30% of net proceeds from the equity line of credit agreement, after the first $3 million and following the repayment of prior notes issued on September 22, 2025. This new promissory note is subordinate to the notes issued on September 22, 2025.

Jan 26, 2026, 9:30 PM

Splash Beverage Group Inc. Issues Series D Convertible Preferred Stock and Terminates Options

SBEV

Convertible Preferred Issuance

On December 5, 2025, Splash Beverage Group, Inc. (SBEV) entered into agreements to terminate options to purchase $600,000 of its common stock.
In exchange for the terminated options, the company issued 113,636 shares of common stock and 1,136 shares of a newly designated Series D Convertible Preferred Stock.
The Certificate of Designations for 50,000 authorized shares of Series D Convertible Preferred Stock was filed on December 9, 2025 ,.
Each share of Series D is convertible into 100 shares of common stock and carries voting rights on an as-converted basis, subject to beneficial ownership limitations ,.
Holders of Series D rank pari passu with common stock holders regarding liquidation rights.

Dec 10, 2025, 9:05 PM

Splash Beverage Group, Inc. Discloses Going Concern Doubts and Significant Dilution Risks

SBEV

Delisting/Listing Issues

Convertible Preferred Issuance

Demand Weakening

Splash Beverage Group, Inc. (SBEV) has not generated any revenue since March 2025, and its auditors have included an explanatory paragraph raising substantial doubt about its ability to continue as a going concern.
The company requires at least $2 million in working capital to re-commence minimal operations and an estimated $6 million to achieve short-term goals, with $22 million needed for the next 12 months for its Water Assets business plan.
Significant dilution to existing stockholders is expected from the conversion of preferred stock and other securities, which could lead to substantial downward pressure on the stock price and potentially devalue the stock.
SBEV is highly dependent on third-party manufacturers and suppliers, including a distiller in Mexico, which poses risks of supply chain disruptions, increased costs, and inability to meet orders.

Oct 30, 2025, 8:50 PM

Splash Beverage Group, Inc. Secures $2 Million in Financing and Establishes Equity Line of Credit

SBEV

Debt Issuance

New Projects/Investments

Splash Beverage Group, Inc. (SBEV) secured $2,000,000 in financing on September 22, 2025, by issuing $2,200,000 in Original Issue Discount Secured Convertible Promissory Notes to two institutional investors.
These Notes are convertible into common stock at a conversion price equal to the lower of $1.75 per share or $0.01 above the closing sale price on the conversion date, and they mature on September 22, 2026.
SBEV also entered into an Equity Line of Credit Agreement, granting it the right to sell up to $35,000,000 in common stock to one of the investors, subject to certain limits and shareholder approval.
The company is required to hold a shareholders' meeting by October 31, 2025, to obtain approval for the issuance of shares related to these transactions and will file a Registration Statement for the underlying common stock within 30 days of September 19, 2025.