- Splash Beverage Group Inc SBEV has priced its public offering of two million shares at an offering price of $4.00 per share.
- The offer price represents a 20% discount on the stock’s closing price on February 14.
- The company intends to receive gross proceeds of about $8 million, prior to deducting underwriting discounts, commissions, and other offering expenses.
- Splash Beverage has granted the underwriters a 45-day option to purchase up to an additional 0.3 million shares of common stock at the public offering price.
- The offering is expected to close on or about February 17, 2022, and EF Hutton, a division of Benchmark Investments LLC, is acting as the sole book-running manager for the offering.
- Price Action: SBEV shares are trading lower by 18.5% at $4.09 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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