BRIEF-Innovation Beverage Group Enters Into Definitive Merger Agreement With Blockfuel Energy, Inc.-February 2024-www.financetom.com

BRIEF-Innovation Beverage Group Enters Into Definitive Merger Agreement With Blockfuel Energy, Inc.

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BRIEF-Innovation Beverage Group Enters Into Definitive Merger Agreement With Blockfuel Energy, Inc.

Oct 15, 2025 5:36 AM

Oct 15 (Reuters) - Innovation Beverage Group Ltd ( IBG )

* INNOVATION BEVERAGE GROUP ENTERS INTO DEFINITIVE MERGER

AGREEMENT WITH BLOCKFUEL ENERGY, INC.

* INNOVATION BEVERAGE GROUP LTD ( IBG ) - COMBINED ENTITY VALUATION

EXPECTED BETWEEN $220M-$343M

* INNOVATION BEVERAGE GROUP LTD ( IBG ) - DANIEL LANSKEY TO BE

APPOINTED

CHAIRMAN AND CEO OF COMBINED CO

* INNOVATION BEVERAGE GROUP LTD ( IBG ) - SAHIL BERI TO RESIGN AS

IBG CEO

AND BECOME PRESIDENT

* INNOVATION BEVERAGE GROUP LTD ( IBG ) - DEAL EXPECTED TO CLOSE IN

Q4 &

WILL TRADE ON NASDAQ UNDER TICKER 'FUEL'

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