Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced that the first tranche of a previously announced private placement has been finalized and the company is in the process of onboarding cash. The company has received approximately half of the just over $4 million from the first tranche and expects the balance in the next couple of days. Additionally, documents for the second tranche of $4 million have been distributed and approximately $3 million have been executed. Given these commitments, Splash Beverage expects to complete the second …
