SBEVSPLASH BEVERAGE GROUP, INC. · NYSE American
Assessed Sep 25, 2026 · 8-K financing event
Is the float you're seeing correct?
10.04M
Estimated float

Cover-page shares (8/19/26), plus disclosed post-cover ELOC issuances, minus the de minimis insider common.

NO REPORTED FLOAT
—
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Trade off 10.04M shares; data services have no usable float for this ticker.

Dilution risk9/10EXTREME
CONFIDENCE: MEDIUM

We put the float at 10.04M; data services have no usable number. 7 convertible notes and 2 reverse splits can add another 318% of the float.

  • Variable-rate convertible instruments. $3.28M of C/M notes convert at the closing price plus $0.01–$0.04, so the price never limits share count and the lender is protected on every conversion.

  • ELOC draws and remaining capacity. The ELOC is being drawn heavily and repeatedly.

  • Preferred stock conversion overhang. Series D (5,500 shares, held by a C/M affiliate) converts at $1.00 with a down-round reset to a $0.60 floor.

From today's float to the ceiling

shares
10.04M
Estimated float
tradeable today
+1.94M can sell now
11.98M
Effective supply
float plus what sells on notice
+29.94M if floors are cut and warrants exercise
41.92M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
10.04M
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+1.94M
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
11.98M
Converts only if floors are cut
Convertible notes, beyond the registered shares
At the stated conversion prices; a cut to those prices raises the count.
+10.82M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling. Includes unfunded commitments, which are capacity rather than outstanding debt.
$551.2K
Preferred stock, as converted
Common equivalent at the stated conversion ratio.
+12.16M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+2.21M
Options and RSUs
Employee equity; vests and settles over time.
+1.62M
Other, per engine ceiling
Included in the engine's fully-diluted count but not itemised in the filings we parsed.
+3.13M
Fully diluted
41.92M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

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The facts

Price
—
Market cap
—
Shares outstanding
—
Reported float
—
Avg volume
—
Reverse splits
2 · latest 1-for-4 · Jul 24, 2026
Going concern
Yes · 0.2 quarters runway
Quarterly burn
$1.70M

Market data as of Oct 25, 2026

Key dates

  • Dec 31, 2026 · Series D becomes convertible (subject to NYSE and stockholder approval); up to 9.17M shares at the $0.60 floor
  • Jan 29, 2027 · NYSE American equity compliance deadline (likely more preferred or debt-to-equity exchanges and a possible third reverse split)
  • Sep 18, 2027 · $576K C/M OID convertible matures