tiprankstipranks
Market News

Splash Beverage (NYSE: SBEV) Tanks After Public Offering of $3.1 Million

Shares of Splash Beverage (NYSE: SBEV) tanked in pre-market trading on Friday after the portfolio company of beverage brands announced a public offering of 2 million shares worth $1.55 per share, for gross proceeds of approximately $3.1 million.

The company intends to use the proceeds from the offering to support additional distribution activities and retail authorizations gained recently. The proposed offering is expected to close on or about September 27.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More