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 shares hasn’t been determined yet. ON Feb. 11, the stock traded for $5.36 a share.
The offering is being made through EF Hutton Group. Proceeds will be used for general corporate purposes, including acquisitions and repayment of debt. The company describes its stock as “highly speculative.” It doesn’t plan to pay dividends.