Continued reliance on high-dilution ELOC financing to raise minimal cash is a negative signal for a microcap with no disclosed revenue growth. Monitor for further ELOC draws and any quarterly filing showing operating cash burn. The effective registration for resale adds near-term overhang.
Price Chart
Executive Summary
Splash Beverage Group issued 767,953 shares to C/M Capital Master Fund under its ELOC agreement for gross proceeds of only $117,036, implying a price of ~$0.152/share on a $2M market-cap microcap stock. The shares were sold under a previously disclosed equity line facility, with registration for resale effective June 22, 2026. At roughly 5.8% of shares outstanding (using market cap as proxy), this is a small-dollar dilutive draw that signals ongoing cash burn needs.
Key Financial Metrics
Key Facts
- Issued 767,953 common shares to C/M Capital Master Fund on June 24, 2026
- Total gross proceeds of $117,036, implying ~$0.152/share
- Shares sold under a September 19, 2025 ELOC Agreement previously disclosed on Form 8-K
- Resale of shares registered on Form S-1 (File No. 333-296755) effective June 22, 2026
- Company has $2M market cap; this draw represents ~5.8% dilution
Financial Impact
$117,036 gross proceeds at implied ~$0.152/share
Risk Factors
- Further draws under ELOC at dilutive prices
- Potential for accelerating share dilution if cash burn persists
- Registered shares enable immediate selling by fund
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001731122-26-000895 |
| Document: 0001731122-26-000895-index-headers.html | 0001731122-26-000895 |
| Document: 0001731122-26-000895-index.html | 0001731122-26-000895 |
| Document: 0001731122-26-000895.txt | 0001731122-26-000895 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | DEFA14A | — | awaiting T+5 | — | — |
Aug 25, 2026 8w ago | 8-K | $0.4715 | awaiting T+5 | — | — |
Aug 21, 2026 9w ago | 8-K | $0.4376 | awaiting T+5 | — | — |
Aug 20, 2026 9w ago | 8-K | $0.4250 | awaiting T+5 | — | — |
Aug 12, 2026 10w ago | 8-K | $0.4096 $0.4104 | ▲ +0.20% | ▲ +0.64% | — |
Aug 7, 2026 11w ago | S-1 | $0.4122 $0.3780 | ▲ +8.30% | ▲ +8.25% | — |
Aug 5, 2026 11w ago | 8-K | $0.4250 $0.4096 | ▼ −3.62% | ▼ −3.97% | — |
Jul 14, 2026 14w ago | 8-K | $0.1043 $0.0936 | ▼ −10.26% | ▼ −9.79% | — |
Jul 9, 2026 15w ago | 8-K | $0.1653 $0.0936 | ▲ +43.38% | ▲ +43.24% | — |
Jul 6, 2026 16w ago | 8-K | $0.2081 $0.1240 | ▼ −40.41% | ▼ −40.13% | — |
US Market Status
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