Splash Beverage Group has initiated an appeal process with the NYSE American Exchange's Listing Qualifications Panel after receiving a notice of potential delisting due to non-compliance with shareholder equity requirements. The company remains optimistic about resolving its regulatory challenges within the prescribed 60-to-90-day appeal window.
The beverage company was found out of compliance with Sections 1003(a)(i), (ii), and (iii) of the Listed Company Manual by the end of its 18-month compliance period, which expired on April 6, 2025. Despite this setback, Splash Beverage Group believes it can cure the remaining shareholder equity deficiencies.
During the appeal process, the company has been informed that it can continue trading both its common stock and warrants on the NYSE American, subject to potential trading halts. The organization promptly notified the Listing Qualification Panel within the required seven-day timeframe after receiving the non-compliance notice.
The press release also addressed unusual market trading activity, which the company attributes partially to algorithmic computer trading and short selling. In accordance with NYSE American Company Guide protocols, Splash Beverage Group confirmed that no material developments have occurred since its last announcement regarding a potential merger or acquisition with Western Son Vodka.
The ongoing appeal represents a critical moment for the beverage company, which owns multiple brands including Copa di Vino, SALT tequilas, Chispo tequila, and Pulpoloco sangria. The outcome could significantly impact the company's market positioning and investor confidence.
Investors and market observers will be closely monitoring Splash Beverage Group's progress through this regulatory challenge, as the appeal's success could determine the company's continued listing on the NYSE American Exchange.
