11:27 AM EDT, 06/26/2025 (MT Newswires) -- Splash Beverage Group ( SBEV/WS ) said Thursday that it has struck a deal to sell 650 shares of series A-1 convertible redeemable preferred stock to some investors to raise $650,000.

The shares are attached with one-year class A warrants to buy 162,500 shares and five-year class B warrants to purchase 162,500 shares, according to its regulatory filing.

The company said it plans to use the proceeds for working capital and general corporate purposes.

The firm said it also struck deals with some holders of its promissory notes to exchange about $12.7 million of the notes for 126,704 shares of series B convertible redeemable preferred stock.

It added that the debt-for-equity exchange is to help regain compliance with the shareholder equity requirements of the NYSE American.

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