FORT LAUDERDALE, Fla., June 03, 2026 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), today provided a corporate update regarding its NYSE American compliance process, ongoing strategic transaction initiatives, and certain required disclosures. NYSE American Compliance Update As previously disclosed on May 5, 2026, the Company received notice from NYSE Regulation on April 29, 2026 indicating that the Company was not in compliance with certain continued listing standards related to stockholders' equity. In accordance with NYSE American requirements, Splash submitted its compliance plan to the Exchange on May 28, 2026 outlining actions management has taken and intends to take in an effort to restore compliance with applicable listing standards. The Company is currently engaged in ongoing dialogue with NYSE American staff and is awaiting a determination regarding the plan. If accepted, the plan would permit the Company to continue executing its compliance initiatives during a cure period that could extend through January 29, 2027. While no assurance can be given regarding the Exchange's determination, management remains focused on maintaining the Company's NYSE American listing and advancing initiatives designed to strengthen its financial position. Strategic Transaction Update As disclosed in the Company's Quarterly Report on Form 10-Q filed on May 20, 2026, the previously announced non-binding Letter of Intent with Medterra CBD, LLC expired on May 4, 2026 without execution of a definitive agreement. The Letter of Intent was non-exclusive, and since its expiration the Company has continued actively evaluating strategic opportunities aligned with its transformation toward the cannabinoid wellness sector. Management is currently engaged in discussions with multiple potential transaction counterparties and has advanced preliminary negotiations with select parties. The Company is evaluating several strong opportunities based on several key criteria, including strategic fit, long-term shareholder value creation, capital structure considerations, and the potential to mitigate dilution while supporting future growth initiatives. As part of that, Splash believes the cannabinoid wellness industry continues to present compelling opportunities for consolidation, brand development, and platform creation, supported by evolving federal rules supporting the industry. The Company remains focused on identifying opportunities that leverage its public company infrastructure while supporting established operators and brands within the federally compliant hemp-derived cannabinoid marketplace and, subject to applicable regulatory and exchange approvals, broader cannabinoid wellness categories. Management Commentary "We continue to make progress on multiple fronts," said Brady Cobb, Interim Chief Executive Officer of Splash Beverage Group. "The submission of our NYSE compliance plan represents an important milestone, while our strategic review process remains active and focused on identifying opportunities that we believe can create long-term value for shareholders. Our objective is to execute a transaction that is strategically compelling, financially responsible, and aligned with our vision of building a leading cannabinoid wellness platform.” Going Concern Disclosure Pursuant to Section 610(b) of the NYSE American Company Guide, the Company reports that its audited consolidated financial statements for the fiscal year ended December 31, 2025, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2026, contain an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph regarding the Company's ability to continue as a going concern. This disclosure is being made solely to satisfy NYSE American requirements and does not reflect any amendment or restatement of the Company's previously filed financial statements or Annual Report on Form 10-K. More Information Splash Beverage Group Contact Information Splash Beverage Group Info@SplashBeverageGroup.com Dennis Burns 567-237-4132 dburns@SplashBeverageGroup.com Media Contact Angela Gorman AMWPR angela@amwpr.com 917-348-0083 Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s NYSE compliance efforts and ability to regain and maintain compliance with NYSE American listing requirements including a potential cure period for its current deficiency, its efforts and opportunities with respect to potential acquisitions and strategic transactions and the potential benefits or features of any such transaction, and market opportunities presented by the cannabinoid wellness industry wherein the Company’s strategic transaction efforts are presently focused. Forward-looking stat