- Innovation Beverage Group Ltd (IBG) announced a **five-for-one (5-for-1) reverse stock split** to become effective at **12:01 a.m. Eastern Time on September 26, 2025**, with split-adjusted trading commencing the same day.  **[1924482_0001731122-25-001291_e6873_ex99-1.htm:0]** 
- This action will reduce the number of ordinary shares outstanding from **11,613,489 to 2,322,698**.  **[1924482_0001731122-25-001291_e6873_ex99-1.htm:0]** 
- The reverse stock split is a response to a **Nasdaq Staff Delisting Determination Letter received on August 29, 2025**, citing non-compliance with Nasdaq Listing Rule 5550(a)(2).  **[1924482_0001731122-25-001291_e6873_ex99-1.htm:0]** 
- A hearing before the Nasdaq Hearings Panel is scheduled for **October 2025**, which temporarily prevents delisting.  **[1924482_0001731122-25-001291_e6873_ex99-1.htm:0]**

Innovation Beverage Group Announces Reverse Stock Split

- Innovation Beverage Group Ltd (IBG) entered a **non-binding letter of intent** on **September 22, 2025**, for a **reverse triangular merger** with **BlockFuel Energy, Inc. (BFE)**.  **[1924482_0001731122-25-001283_e6866_6k.htm:0]** **[1924482_0001731122-25-001283_e6866_ex99-1.htm:0]** 
- Upon closing, BFE shareholders are expected to own approximately **90%** of the combined entity, with existing IBG shareholders retaining approximately **10%**.  **[1924482_0001731122-25-001283_e6866_6k.htm:0]** **[1924482_0001731122-25-001283_e6866_ex99-1.htm:0]** 
- The post-transaction combined company is projected to have an equity valuation between **US$220 million and US$343 million**.  **[1924482_0001731122-25-001283_e6866_ex99-1.htm:0]** 
- **Daniel Joseph Lanskey** is expected to become **Chairman and CEO of the combined IBG**, and IBG intends to **change its name to BlockFuel Energy Limited** post-merger.  **[1924482_0001731122-25-001283_e6866_6k.htm:0]** **[1924482_0001731122-25-001283_e6866_ex99-1.htm:0]**

Innovation Beverage Group (IBG)