Splash Beverage Group Targets Merger with Western Son Vodka

Splash Beverage Group, Inc. announced a new Letter of Intent (LOI) for acquiring Western Son Vodka mainly through a stock-for-equity transaction. This move could double Splash's trailing twelve-month revenue. Western Son shareholders would receive Splash's restricted stock and about 10% cash consideration, with Splash assuming some of Western Son's debt obligations.

This equity exchange offers an alternative to the previously proposed cash-based acquisition, aligning both companies' interests. Regulatory approval and a shareholder vote are pending.

Western Son Vodka, established in 2011 in Texas, has a growing national presence and has won multiple awards. Carlos Guillem, its President, highlighted the LOI as a significant step for the brand's expansion and strengthened market presence.

The merger is expected to be finalized this quarter, with further updates pending key milestones.