SPLASH BEVERAGE GROUP, INC. (SBEV) Form 10-Q — May 20, 2026
Splash Beverage Group reported a net loss of $2.1 million for Q1 2026 on negligible revenue of $4,224, driven by high interest expenses and operating costs amid a lack of working capital. The company ended the quarter with a stockholders' deficit of $16.2 million and only $381,000 in cash, triggering a formal notice from NYSE American for failing to meet the $6 million minimum equity requirement. To avoid delisting, Splash is pursuing a non-binding merger with Medterra CBD, LLC, valued at $37.6 million, but the deal requires raising $10 million in cash to pay off Medterra's debt, which the company admits it cannot assure it will secure.
Key figures
- Revenue
- 4224
- Total Debt
- 16973235
- Total Assets
- 769953
- Cash Position
- 381195
- Accrued interest
- 3112692
- Dividends payable
- 1208020
- Shares outstanding
- 8361807
- Medterra debt payoff
- 10000000
- Medterra enterprise value
- 37600000
Price after filing
Close on the filing date to close N calendar days later (from $0.20). Historical, not a forecast.
AI analysis
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