Endovia Health Sciences, Inc. (SBEV) Form 8-K — Oct 27, 2026
Endovia Health Sciences (formerly Splash Beverage Group) entered into an Addendum on October 22, 2026 to its September 2025 equity line of credit with C/M Capital Master Fund, LP, increasing the total maximum commitment from $35 million to $135 million. The incremental $100 million is drawn via Fixed Purchases, VWAP Purchases, and Additional VWAP Purchases over up to 36 months, priced at 95% of recent market prices, with a $0.10 minimum stock price condition, a 19.99% exchange cap, and a 4.99% investor beneficial ownership cap.
Key figures
- Gross Proceeds
- $135,000,000 total maximum commitment (increased from $35,000,000)
- Exchange cap
- 19.99% of outstanding shares
- Commitment fee
- 2% of Commitment Amount
- Commitment period
- Up to 36 months
- Minimum price floor
- $0.10
- Expense reimbursement
- $35,000
- Initial shares issued
- 10875000
- Purchase price discount
- 95% of lower of prior-day low or 5-day VWAP
- Beneficial ownership cap
- 4.99%
- Aggregate vwap max per day
- $2,000,000
- Max fixed purchase per day
- $10,000,000
- New incremental commitment
- $100,000,000
AI analysis
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