Splash Beverage jumps on nod to sell 'TapouT' drink at Florida Walmart stores

Endovia Health Sciences

11/01/2022 18:50

** Shares of beverage maker  SBEV.K   SBEV.A  surge 40.28%
to $1.48 in afternoon trading
    ** Stock eyes best day since early Aug 2020
    ** Co receives authorization to sell its TapouT performance
drink in Florida beginning with 47 Walmart  WMT.N  stores
located in major metropolitan regions
    ** Walmart has about 341 stores in the state of Florida, the
second largest number of stores by state in the U.S., says SBEV
    ** TapouT is a hydration and recovery isotonic sport drink -
SBEV
    ** About 70.6 mln shares of the company have traded so far
today, ~49,142.4% of their 30-DMA volume
     ** As of January 10, co had 32.6 mln shares outstanding
worth $34.41 mln - Refinitiv data
    ** The shares are now up 26.7% for the year.

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))