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Splash Beverage Stock Plummets After Pricing Equity Offering At Discount

Benzinga2022-02-15

  • Splash Beverage Group Inc has priced its public offering of two million shares at an offering price of $4.00 per share.
  • The offer price represents a 20% discount on the stock’s closing price on February 14.
  • The company intends to receive gross proceeds of about $8 million,
  • prior to deducting underwriting discounts, commissions, and other
  • offering expenses.
  • Splash Beverage has granted the underwriters a 45-day option to
  • purchase up to an additional 0.3 million shares of common stock at the
  • public offering price.
  • The offering is expected to close on or about February 17, 2022, and
  • EF Hutton, a division of Benchmark Investments LLC, is acting as the
  • sole book-running manager for the offering.
  • Price Action: SBEV shares are trading lower by 18.5% at $4.09 in premarket on the last check Tuesday.

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  • sh99
    ·2022-02-15
    sians
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  • ahleemama
    ·2022-02-15
    Short
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    ·2022-02-15
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    ·2022-02-15
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    ·2022-02-15
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