FORT LAUDERDALE, Fla., July 09, 2026 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash," "Splash Beverage" or the "Company") today announced that NYSE American has accepted the Company's plan to regain compliance with the Exchange's continued listing standards and has granted the Company a compliance period through January 29, 2027. The Exchange's determination follows the Company's submission of its compliance plan on May 29, 2026.
The acceptance of the Company's compliance plan provides Splash with a clearly defined framework to execute the strategic and financial initiatives designed to restore compliance with NYSE American listing requirements while continuing the Company's transition into a publicly traded cannabinoid wellness and pharmaceutical platform.
Brady Cobb, Interim Chief Executive Officer, commented:
"Receiving acceptance of our compliance plan from NYSE American provides our shareholders with a clearly defined path forward. While there remains significant work ahead, the Company now has an Exchange-accepted framework to execute our strategy while maintaining our NYSE American listing. Our objective is to execute our plan with urgency and discipline and deliver on our compliance initiatives well in advance of the January 2027 deadline.
"In less than sixty days, we have made meaningful progress executing our strategic transition. We have secured NYSE American's acceptance of our compliance plan, strengthened our liquidity through our equity line facility which we intend to utilize prudently to resolve legacy obligations, satisfy outstanding vendor claims and improve our balance sheet, completed a strategic investment in Avicanna, acquired the exclusive worldwide licensing rights to CannEpil®, and continue advancing additional strategic initiatives designed to enhance long-term shareholder value. We believe these actions demonstrate our commitment to disciplined execution and establishing Splash as a differentiated public company within the global cannabinoid wellness sector."
NYSE American's acceptance of the Company's compliance plan permits Splash to continue trading on the Exchange while management executes the initiatives outlined in the plan. During the compliance period, the Company will provide periodic updates to NYSE American regarding its progress, consistent with Exchange requirements.
About Splash Beverage Group, Inc.
Splash Beverage Group, Inc. (NYSE American: SBEV) is a publicly traded company headquartered in Fort Lauderdale, Florida. The Company is pursuing a strategic transformation toward becoming a cannabinoid health, wellness, and biopharmaceutical platform through disciplined capital allocation, strategic investments, acquisitions, and other platform-building initiatives.