Splash Beverage Group, Inc. (NYSE American: SBEV) has been notified by NYSE Regulation of the commencement of delisting proceedings for its publicly traded warrants, identified under the ticker symbol SBEV-WT. This decision, effective immediately, stems from the warrants' failure to meet the NYSE American's listing standards, specifically Section 1001 of the NYSE American Company Guide, due to their low trading price.
The company has the option to appeal the delisting determination by July 30, 2025, but has indicated it does not plan to do so. Importantly, this delisting does not affect the status of Splash Beverage Group's common stock, which will continue to be traded on the NYSE American under the ticker SBEV. Furthermore, the company's business operations and its obligations to file reports with the SEC remain unchanged.
Post-delisting, the warrants may find a new trading venue on an over-the-counter market, such as the OTC Pink tier, contingent upon a market maker's application and approval by FINRA. However, the availability of such a platform is uncertain, and there is no guarantee that trading will resume or be maintained.
This development highlights the volatility and regulatory challenges inherent in trading financial instruments like warrants, which can be sensitive to market conditions and investor interest. For investors, the delisting of SBEV-WT warrants serves as a reminder of the importance of due diligence and the risks associated with low-priced securities. For the broader market, it underscores the stringent compliance requirements set by exchanges to maintain orderly and fair trading environments.
