Revenue breakdown: Brand Products (93.5%), E Commerce Products (6.5%).
6-K
Innovation Beverage Group Ltd acquired a 51% controlling interest in BlockFuel Energy Inc. by exchanging 127,628 BFE shares for warrants to purchase 3,815,766 IBG ordinary shares at $0.0001 each and provided a $2.5M interest-free unsecured loan to BFE for share repurchase. The company also entered an amended merger agreement making BFE a wholly-owned subsidiary, with BFE holders to own ~90% of the combined energy-focused entity post-closing.