Splash Beverage Group Secures $10M Operating Capital Credit Facility, Raises Additional $2.7M With Legacy Investors and Retires $200M S-3 Public Shelf Offering
Portfolio Pulse from Benzinga Newsdesk
Splash Beverage Group has secured a $10 million operating capital credit facility and raised an additional $2.7 million with legacy investors. The company has also retired its S-3 public shelf offering.
August 14, 2023 | 1:54 pm
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POSITIVE IMPACT
Splash Beverage Group's recent financial moves, including securing a $10 million credit facility and raising $2.7 million with legacy investors, could provide a positive boost to its financial stability and growth prospects.
Securing a $10 million credit facility provides Splash Beverage Group with additional operating capital, which can be used to fund growth initiatives. The additional $2.7 million raised with legacy investors further strengthens the company's financial position. The retirement of the S-3 public shelf offering could indicate that the company is confident in its current financial situation and does not anticipate needing to raise additional funds in the near future. These factors could have a positive impact on the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100