INNOVATION BEVERAGE GRP

Innovation Beverage Group introduced the Australian Bitters brand in New York in June through Lieber Fine Wines & Spirits and showcased itself at industry events in London and Brooklyn; in July it will participate in Tales of the Cocktail in New Orleans. The company is already active in London, New York and Jersey, has identified Florida as its next target market, and won double gold medals for Cocoa Bitters and Orange Bitters at the San Francisco Ready to Drink Competition. The expansion plans come despite a market capitalization of $2.09 million (share price $1.15), a 92% decline in the stock over the past year and a financial position rated as “weak”; the planned merger with BlockFuel Energy remains pending. » More on de.investing.com

Innovation Beverage is offering 3,428,569 units at $1.75 each to raise roughly $6 million gross. Each unit includes a common share or a pre-funded warrant, plus Series A and B warrants with a $1.75 exercise price; pre-funded warrants are immediately exercisable, and the warrants expire after 60 months. Closing is expected around March 16, 2026; about $2.5 million of the net proceeds are to be provided as an interest-free loan to Blockfuel, with the remainder for general corporate purposes. Aegis Capital is acting as placement agent and the SEC declared the Form F-1 effective on March 12, 2026. » More on de.investing.com

Innovation Beverage Group held its annual general meeting on February 20 after receiving a NASDAQ notice in January about non‑compliance with listing rule 5620 due to a missed meeting for the fiscal year ended December 31, 2024. NASDAQ then confirmed the restoration of compliance and declared the matter closed. The information is based on a filing the company made with the U.S. Securities and Exchange Commission (SEC). » More on de.investing.com