Innovation Beverage Group Closes Public Offering

Innovation Beverage Group Limited, a developer and marketer of alcoholic and non-alcoholic beverages, announced the closing of its registered public offering. The offering raised approximately $6 million in gross proceeds through the sale of Common Units and Pre-Funded Units, each including ordinary shares or pre-funded warrants, and two series of warrants. The public offering price per Common Unit was $1.75. Innovation Beverage Group intends to use $2.5 million of the net proceeds to provide a non-interest bearing loan to Blockfuel, enabling Blockfuel to exercise its call right under a December 2025 agreement. The remaining net proceeds will be allocated to general corporate purposes and working capital. Aegis Capital Corporation acted as the exclusive placement agent for the offering, which closed on March 16, 2026. The United States===United States Securities and Exchange Commission declared the registration statement effective on March 12, 2026.