Business
Per Regulatory Requirements, Splash Beverage Group Addresses the High Trading Activity and Enters Into the Appeal Process With NYSE American
FORT LAUDERDALE, FL - April 22, 2025 (NEWMEDIAWIRE) - Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or "the Company"), a portfolio company of leading beverage brands, experienced unusually high trading activity as it enters the appeal p...
About this update from Splash Beverage Group, Inc. (nv)
[{"type":"image","caption":"","headline":"Splash Beverage Group Signs Letter of Intent for Acquisition and Merger With Established Hemp and CBD Operator Medterra","size":{"original":{"width":140,"height":39,"url":"https://media.zenfs.com/en/newsmediawire_165/6d8f9695fe1e861c7706f47ce98c02a1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/P82iwfO54RHCNGARsGLdBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTU5O2NmPXdlYnA-/https://media.zenfs.com/en/newsmediawire_165/6d8f9695fe1e861c7706f47ce98c02a1","width":140,"height":39}}},{"type":"text","content":"FORT LAUDERDALE, FL - April 22, 2025 (NEWMEDIAWIRE) - Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or "the Company"), a portfolio company of leading beverage brands, experienced unusually high trading activity as it enters the appeal process with NYSE regarding its listing.","length":309,"tagName":"p"},{"type":"text","content":"Regarding the trading activity, the NYSE American Company Guide states the following:","length":85,"tagName":"p"},{"type":"text","content":"Whenever unusual market action takes place in a listed company's securities, the company is expected to make an inquiry to determine whether rumors or other conditions requiring corrective action exist, and, if so, to take whatever action is appropriate. If, after this review, the unusual market action remains unexplained, it may be appropriate for the company to issue a "no news" release -- i.e., announce that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.","length":601,"tagName":"p"},{"type":"text","content":"The Company acknowledges that to the best of its knowledge, it has not experienced any material developments since its last announcement regarding its potential merger/acquisition with Western Son Vodka. Furthermore, the Company believes this unusual trading activity is due in part to algorithmic computer trading and short selling activities.","length":344,"tagName":"p"},{"type":"text","content":"Regarding the appeal process, the Company states the following:","length":63,"tagName":"p"},{"type":"text","content":"The Company will enter the appeal process with the Exchanges Listing Qualifications Panel and was informed that during the appeal process, (subject to any trading ha...