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Splash Beverage Group, Inc. (NYSE American:SBEV) announced that its stockholders approved an amendment to the company’s Articles of Incorporation to increase the number of authorized shares of common stock from 7.5 million to 400 million. The approval took place at a special meeting of stockholders held on August 29, 2025. The company, currently valued at $3.58 million in market capitalization, has seen its stock decline by 86% over the past year, according to InvestingPro data.
According to a press release statement filed with the Securities and Exchange Commission, the amendment was filed with the Secretary of State of Nevada on the same day and became effective upon filing. The move comes as the company faces financial challenges, with InvestingPro analysis showing a weak financial health score and current ratio of 0.12, indicating potential liquidity concerns.
The proposal to increase the authorized shares received 23,468,287 votes in favor, 2,033,936 votes against, and 1,807 abstentions. There were no broker non-votes. Approximately 92.02% of the votes cast supported the amendment, and a quorum was present at the meeting.
The full text of the Certificate of Amendment to the Articles of Incorporation was attached to the filing as Exhibit 3.1.
Splash Beverage Group is incorporated in Nevada and is headquartered in Fort Lauderdale, Florida. The information in this article is based on the company’s SEC filing.
In other recent news, Splash Beverage Group, Inc. has announced significant developments regarding its water business. The company has secured a $500,000 order from the All Day Group in the United Arab Emirates for its premium bottled water sourced from Costa Rica. This purchase includes both 500ml and 1000ml bottles, marking a substantial order for the company. Additionally, Splash Beverage Group has entered into an agreement to acquire exclusive water rights to natural spring sources in Costa Rica for $20 million. This acquisition will grant the company ownership and control over underground aquifers in Costa Rica’s cloud rainforests, supporting its Blu premium water brand. These recent developments highlight the company’s strategic moves to expand and secure its water product offerings.
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