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Get filing alertsSplash Beverage issues 3.8M shares for $608K, diluting existing shareholders by ~16¢/share
Filed June 4, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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Company sold 3.85 million common shares to C/M Capital Master Fund over four days (May 29-June 1) under existing equity line agreement, raising $608K at roughly $0.16 per share—representing immediate dilution to current holders.
Item 3.02 verify on EDGAR → -
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Issuance occurred under September 2025 Securities Purchase Agreement with C/M Capital, indicating company continues tapping equity line for working capital rather than traditional financing.
8-K: Equity Line Draw view on EDGAR →
Summary
Splash Beverage Group tapped its equity line of credit for $608,000 by issuing 3.85 million shares to C/M Capital Master Fund between May 29 and June 1, 2026. The average price of roughly 16 cents per share represents immediate dilution for existing shareholders and suggests the company needed quick access to cash rather than pursuing less dilutive financing options. This draw-down under the September 2025 agreement signals ongoing liquidity needs.
Retail investors should monitor whether the company continues issuing shares at these depressed prices, as repeated equity line draws can create a downward spiral—more shares issued to raise the same capital as the stock price falls. Watch the next quarterly filing to see how these proceeds were deployed and whether the company has stabilized its cash position or will need additional capital raises.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify