Splash Beverage Group, Inc. (NYSE: SBEV) shares climbed 38.61% on Thursday, closing at $4.20, following a major announcement regarding a new exclusive rights agreement.
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Strategic Asset Acquisition
The spike in trading came after Splash Beverage (SBEV) revealed its acquisition of exclusive rights to a highly regarded natural spring water source located in Costa Rica’s cloud rainforests — an area globally recognized as one of only five “Blue Zones,” known for exceptional human longevity and natural purity.
A $20 Million Investment in Premium Water
As part of the $20 million transaction, Splash Beverage will obtain complete ownership of an underground network of aquifers that feed Blu, its emerging boutique water brand. Independent testing shows the spring water ranks above global standards in purity and key mineral content, including pH, silica, calcium, and magnesium, having been naturally filtered through rich volcanic terrain.
To finance the acquisition, Splash issued $20 million in convertible preferred stock, which the seller accepted in exchange for the asset rights. If the asset transfer isn’t completed by the revised deadline of December 31, 2025, Splash retains the right to cancel the shares or receive $20 million in return.
Control Over a Rare and Scalable Natural Asset
The finalized acquisition is anticipated around August 10, pending the completion of mineral rights and land deeds. With first-year product orders already surpassing $10 million, the agreement is expected to enhance Splash’s ability to serve the growing demand for clean and sustainable hydration options, while expanding its reach in the premium water market.
Sustainability and Brand Expansion Ahead
Blu will serve as the anchor for an expanded product portfolio that includes a luxury glass bottle line and eco-conscious canned water, using Splash’s proprietary Carto-Can packaging, previously deployed in its Pulpoloco sangria. All products will be sustainably bottled at the source, with certification efforts in place for rainforest preservation and carbon neutrality.
This acquisition reflects Splash Beverage’s continued strategy to scale differentiated, high-margin beverage brands while gaining long-term control over vital, sustainable resources.
