Category Archives: Finance

Splash Beverage Raised $9.2 Million in Offering

Splash Beverage Group, Inc., a portfolio company of leading beverage brands, announced the closing of its previously announced underwritten public offering of 2.3 million shares of common stock (the “Common Stock”), which included the full exercise of the underwriters’ over-allotment … Continue reading

Posted in Finance | Tagged | Comments Off on Splash Beverage Raised $9.2 Million in Offering

Nevada Wine Cellars Files for Bankruptcy Act Protection

Nevada Wine Cellars Inc., which operates Pahrump Valley Winery, has filed for Chapter 11 Bankruptcy Act protection, which permits the company to reorganize the debt and restructure.  The company said it owes more than $1 million to its creditors. In the … Continue reading

Posted in Finance | Tagged , | Comments Off on Nevada Wine Cellars Files for Bankruptcy Act Protection

Splash Beverage Raised $8 Million in Stock Offering

That $8 million is before deducting EF Hutton Group’s cut for running the offering and will buy 2 million shares.  The underwriters can purchase an additional 300,000 shares in 45 days.  The offering is expected to close Thursday (2/17).

Posted in Finance | Tagged | Comments Off on Splash Beverage Raised $8 Million in Stock Offering

Splash Beverage Group Public Offering

Splash Beverage Group, which owns a portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink, announced a proposed public offering.  Price of … Continue reading

Posted in Finance | Tagged | Comments Off on Splash Beverage Group Public Offering

BeatBox Beverages Launches Crowdfunding Campaign

BeatBox Beverages, which says it has the fastest-selling single-serve wine offering in the U.S., launched a second equity crowdfunding campaign in partnership with Wefunder and is seeking $5 million worth of investments. The company will recognize investors for their contribution … Continue reading

Posted in Finance | Tagged | Comments Off on BeatBox Beverages Launches Crowdfunding Campaign

Barenberg Upgrades Brown-Forman to Buy

In a note to clients, Barenberg Beverages noted that Brown-Forman has “suffered from severe external headwinds over the past four years.”  But things are looking up for the Louisville distiller, Barenberg said, citing distributors sitting on historically low inventory levels … Continue reading

Posted in Finance | Tagged | Comments Off on Barenberg Upgrades Brown-Forman to Buy