Innovation Beverage Group Limited Announces Closing of $6 Million Public Offering

SYDNEY, March 16, 2026 (GLOBE NEWSWIRE) -- Innovation Beverage Group Limited (NASDAQ: IBG) (the “Company”), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today announced the closing of its registered public offering made on a reasonable best-efforts basis with gross proceeds to the Company of approximately $6 million, before deducting placement agent fees and other offering expenses payable by the Company.

The offering consisted of 3,428,569 Common Units, with each consisting of (i) one (1) Ordinary Share, (ii) one (1) Series A Warrant to purchase one (1) Ordinary Share per warrant at an exercise price of $1.75 and (iii) one (1) Series B Warrant to purchase one (1) Ordinary Share per warrant at an exercise price of $1.75. The public offering price per Common Unit was $1.75. The Series A Warrants are exercisable immediately and expire 60 months after the initial issuance date. The number of securities issuable under the Series A Warrant is subject to adjustment as described in more detail in the registration statement on Form F-1, as amended, filed in connection with the offering. The initial exercise price of each Series B Warrant is $1.75 per Ordinary Share. The Series B Warrants are exercisable immediately and expire 60 months after the initial issuance date. The number of securities issuable under the Series B Warrant is subject to adjustment as described in more detail in the registration statement on F-1 filed in connection with the offering.

Aggregate gross proceeds to the Company were approximately $6 million. The transaction closed on March 16, 2026. The Company intends to use $2,500,000 of the net proceeds to make a non-interest bearing loan to Blockfuel in order for Blockfuel to exercise its call right pursuant to the Common Stock Purchase Agreement dated as of December 24, 2025, by and among Blockfuel and the investors thereto. The Company intends to use the remaining net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital.

Aegis Capital Corp. acted as the exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the Company. Kaufman & Canoles, P.C. acted as U.S. counsel to Aegis Capital Corp.

A registration statement on Form F-1 (No. 333-294127) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) was declared effective by the SEC on March 12, 2026. The offering was made only by means of a prospectus. A final prospectus describing the terms of the offering has been filed with the SEC.

About Innovation Beverage Group Limited

Innovation Beverage Group Ltd is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG’s headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office in California.

Forward-Looking Statements

The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements.