Splash Beverage Group, Inc. (OTCPK:SBEV) announced that it has entered into a subscription agreement for a private placement of 1,004,319 common shares at a price of $1.10 per share for gross proceeds of $1,104,751 on February 10, 2021. The transaction included participation from accredited investors. The company also issued warrants to purchase 503,285 shares of the company. If after six months form the issuance of the warrant, there is no effective registration statement registering the shares of common stock issuable upon exercise of the warrant the warrant may be exercised on a cashless basis as set forth in the warrant. The company issued securities exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933.