Splash Beverage Group has taken steps to appeal a notice of non-compliance with NYSE American listing requirements, following unusual market trading activity and the expiration of its 18-month compliance plan period on April 6, 2025. The company was found in violation of Sections 1003(a)(i), (ii), and (iii) of the Listed Company Manual, but is hopeful about addressing shareholder equity issues during the 60-to-90-day appeal process.
The unusual trading activity, which the company suggests may be due to algorithmic computer trading and short selling, has not been linked to any material developments regarding a potential merger or acquisition with Western Son Vodka, as confirmed by an internal review conducted in line with NYSE American Company Guide protocols.
Throughout the appeal, Splash Beverage Group's common stock and warrants will continue to be traded on the NYSE American exchange, though trading halts remain a possibility. The company expresses confidence in meeting the exchange's requirements but acknowledges the uncertainty of the appeal's outcome.
Splash Beverage Group, known for its diverse portfolio including Copa di Vino, SALT tequilas, Chispo tequila, and Pulpoloco sangria, acted promptly by notifying the Listing Qualification Panel within the mandated seven-day period after receiving the non-compliance notice.
