Splash Beverage Group, which makes beverage products, filed on Wednesday with the SEC to raise up to $74 million in an initial public offering. The company is currently listed on the OTCQB (SBEV).
Splash manufactures, through third party facilities, and distributes several brands of beverages, including both non-alcoholic and spirits. The company produces, distributes, and markets two beverages brands: TapouT Performance, a hydration and recovery isotonic sport drink, and SALT Naturally Flavored Tequila, a 100% agave 80 proof line of flavored tequilas. It also offers seven varietals of wine through its acquisition of Copa di Vino.
The Fort Lauderdale, FL-based company was founded in 1992 and booked $3 million in sales for the 12 months ended December 31, 2020. It plans to list on the NYSE American under the symbol SBEV. Kingswood Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
