Splash Beverage Group appeals to NYSE amid trading activity surge

On April 22, 2025, in Fort Lauderdale, Florida, Splash Beverage Group, Inc. faced unusually high trading activity associated with its shares on the NYSE American. The company, which focuses on developing leading beverage brands, has recently been involved in discussions regarding its financial compliance, particularly its shareholder equity. Despite past announcements about a potential merger or acquisition with Western Son Vodka, the current spike in trading activity is largely attributed to algorithmic trading practices and short selling, according to the company’s comments. To address the situation, the management team of Splash Beverage Group is entering an appeal process with the Exchanges Listing Qualifications Panel. This action is necessary because they found themselves out of compliance with the NYSE American Listing Manual, particularly sections related to shareholder equity by the end of their compliance plan period, which expired on April 6, 2025. The company has notified the Listing Qualification Panel within the required timeframe and aims to continue trading its common stock and warrants during this appeal process. During this 60 to 90-day appeal period, Splash Beverage Group is optimistic that they will resolve the deficiency noted by the NYSE American regarding their financials. However, there is no guarantee of success as they must rectify their compliance issues. The company believes it has the necessary strategies and plans in place to meet the NYSE requirements. Given that the beverage industry is highly competitive and evolve rapidly, Splash Beverage Group has a strategy aimed at both developing existing early-stage brands and acquiring high-potential brands to expand its market presence and distribution channels. Their management team, with extensive experience in the beverage sector, feels confident in the steps they are taking to ensure the company's compliance and future stability.