An update from Splash Beverage Group ( (SBEV) ) is now available.
On February 3, 2025, Splash Beverage Group announced an updated Letter of Intent to acquire Western Son Vodka through a stock-for-equity transaction. This merger is expected to double Splash’s peak trailing twelve-month revenue, enhancing its financial footprint and operational efficiencies. The agreement, which still requires definitive agreements, regulatory approval, and a shareholder vote, aims to align the interests of both companies and accelerate Splash’s path to profitability. Western Son Vodka, an award-winning craft vodka brand founded in 2011, sees this partnership as a significant milestone that will bolster its market presence and commitment to quality.
More about Splash Beverage Group
Splash Beverage Group is an innovator in the beverage industry, owning a portfolio of alcoholic and non-alcoholic beverage brands such as Copa di Vino wine by the glass, SALT flavored tequilas, Chispo tequila, and Pulpoloco sangria. The company’s strategy involves rapidly developing early-stage brands and acquiring high-visibility or innovative brands to expand its global distribution.
YTD Price Performance: 15.82%
Average Trading Volume: 2,626,746
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.69M
See more insights into SBEV stock on TipRanks’ Stock Analysis page.