Bebida Beverage Co (BeBevCo) is to push ahead with a stock restructure to boost its chances of making acquisitions.

The North Carolina-based producer of relaxation and energy drinks said today that its board has approved and submitted paperwork to the US's Financial Industry Regulatory Authority (FINRA) for a 100-1 reverse stock split. The move, the company said, is intended to let it "enter into agreements for acquisitions, financing and/or capitalisation".

Brian Weber, BeBevCo's CEO, said: "We continuously review our capital structure and I now believe that a stock split of this ratio is in the best short and long term interest of all of Bebida Beverage Co shareholders."

He added: "A smaller number of proportionately more valuable shares will significantly enhance the company's profile and be more attractive for acquisition opportunities.” 

BeBevCo, whose brands include Koma Unwind, said it will also cut its authorised share cap to 500m shares and announce details of the company's first shareholder stock dividend “in the coming days”.