SPLASH BEVERAGE GROUP, INC.

Subsequent Events

Reinstatement of Continued Listing Compliance

As disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on July 30, 2025, on July 28, 2025, the Company received two letters from NYSE Regulation confirming that the Company has regained compliance with the continued listing standards of NYSE American LLC (the “Exchange”).

The first letter confirmed that the Company is now in compliance with all applicable continued listing standards set forth in Part 10 of the NYSE American Company Guide. Specifically, the Company resolved the previously identified deficiencies under Sections 1003(a)(i), (ii), and (iii), as initially referenced in the Exchange’s notices dated October 6, 2023, December 20, 2023, and June 5, 2024. As a result, the “.BC” indicator was removed, and the Company was removed from the Exchange’s list of noncompliant issuers as of the opening of trading on July 29, 2025.

The second letter confirmed that the Company had filed its previously delayed Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, on July 11, 2025. Accordingly, the Company regained compliance with Section 1007 of the NYSE American Company Guide, the “.LF” indicator was removed from the Company’s NYSE profile, and the Company was removed from the Exchange’s list of late filers.

Delisting and Deregistration of Public Warrants

As previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on July 29, 2025, on July 23, 2025, the Company received notice from NYSE Regulation that it had determined to commence delisting proceedings with respect to the Company’s publicly traded warrants (the “Public Warrants”) to purchase common stock at an exercise price of $1.84 per share, which were listed on NYSE American under the symbol SBEV-WT. Trading in the Public Warrants was suspended immediately on July 23, 2025. The NYSE Regulation’s determination to delist was based on Section 1001 of the NYSE American Company Guide due to the low trading price of the Public Warrants. The Company did not appeal this determination.

On August 5, 2025, NYSE Regulation filed a Form 25 with the SEC to formally delist and deregister the Public Warrants under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The delisting is expected to become effective on August 15, 2025, ten calendar days after the filing date. The deregistration of the Public Warrants under Section 12(b) of the Exchange Act will become effective 90 days after the filing, unless the SEC shortens the period.

The delisting and deregistration of the Public Warrants do not affect the continued listing of the Company’s common stock on NYSE American under the symbol SBEV, nor do they impact the Company’s business operations or ongoing reporting obligations under the Exchange Act.

Rule 10b5-1 Trading Arrangement

During the six months ended June 30, 2025, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.