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Splash Beverage submits NYSE compliance plan

Created at 3 Jun · 1:28 PM2 sources↑ Market-relevant2 events
IN SHORT

Splash Beverage Group submitted a compliance plan to the NYSE in response to failing to meet continued listing standards. The exchange will now review the plan.

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Who's Involved

Splash Beverage Group, Inc.
Company that submitted a compliance plan to the NYSE
New York Stock Exchange (NYSE)
Exchange to which the compliance plan was submitted

↳ Why This Matters

Failure to regain compliance with NYSE listing standards could lead to the delisting of Splash Beverage's stock, impacting its liquidity and investor base.

Key facts

  • Splash Beverage Group submitted a compliance plan to the NYSE.
  • The submission is a response to non-compliance with listing standards.

Splash Beverage Group, Inc. has submitted a compliance plan to the New York Stock Exchange (NYSE). This action comes after the company failed to meet certain continued listing standards set by the exchange. The submission of this plan is a necessary step for Splash Beverage to demonstrate its commitment and strategy to regain compliance with the NYSE's requirements.

Frequently asked questions

A compliance plan is a document submitted by a company to the NYSE outlining the steps it will take to meet the exchange's continued listing standards after falling out of compliance.

Splash Beverage submitted the plan because it is currently not in compliance with certain NYSE continued listing standards.

If the NYSE does not accept the plan or if the company fails to meet the outlined milestones, its stock could be delisted from the exchange.

What Happens Next

01The NYSE will review Splash Beverage's compliance plan.

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How It Developed

3 Jun · 8:19 PM
Reed's, Inc. received a non-compliance notice from NYSE American regarding shareholders' equity, a different company and exchange than Splash Beverage Group's NYSE submission.
Seeking Alpha via PiQSuite
3 Jun · 1:23 PM
Splash Beverage Group has submitted a NYSE compliance plan due to non-compliance with continued listing standards.
Seeking Alpha via PiQSuite

Sources

T1
Splash Beverage submits NYSE compliance planm.piqsuite.com
T1
Reed's receives NYSE American non-compliance notice over shareholders' equitym.piqsuite.com

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