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 option, at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $9.2 million, prior to deducting underwriting discounts, commissions, and other offering expenses.
EF Hutton, division of Benchmark Investments, LLC, acted as sole book-running manager for the offering.