Splash Beverage Group (NYSE American: SBEV) has signed an updated Letter of Intent to acquire Western Son Vodka primarily through a stock-for-equity transaction. The revised deal structure, which includes approximately 10% cash consideration and the assumption of certain outstanding debt, is expected to double Splash’s peak trailing twelve-month revenue. This shift from a majority cash-based acquisition aims to better align both companies’ interests and provide a clearer path to completion. Western Son Vodka, an award-winning craft brand, continues to expand its national distribution. The deal remains subject to definitive agreements, regulatory approval, and shareholder consent, with closing targeted for this quarter.
To view the full press release, visit https://ibn.fm/63jfo
About Splash Beverage Group
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Chispo tequila and Pulpoloco sangria. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire, and then accelerate, brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
For more information, visit the company’s website at https://splashbeveragegroup.com/
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