01:00 PM EDT, 03/16/2026 (MT Newswires) -- Innovation Beverage ( IBG ) said Monday it closed a registered public offering of about 3.43 million common units for gross proceeds of roughly $6 million.

The company said each unit consists of one ordinary share or a pre-funded warrant, along with Series A and Series B warrants exercisable at $1.75 per share.

The company plans to use about $2.5 million of the proceeds for a non-interest-bearing loan to Blockfuel to exercise a call right under a prior stock purchase agreement, with the remainder for general corporate purposes and working capital.

Shares of the company were up 0.8% in Monday trading.