Innovation Beverage Group Limited closed a $6 million best-efforts registered public offering on March 16, 2026, selling 3,428,569 common units at $1.75 each, each including one ordinary share or pre-funded warrant and one Series A and one Series B warrant exercisable at $1.75. Net proceeds include $2.5 million loaned to Blockfuel Energy, Inc. to exercise its call right, with the balance for general corporate purposes and working capital.
Key takeaways
Closed public offering of 3,428,569 common or pre-funded units on March 16, 2026, generating $6 million gross proceeds
Public offering price $1.75 per common unit ($1.74999 per pre-funded unit)
Pre-funded warrants exercisable at $0.00001 per share until fully exercised
Series A and Series B warrants each exercisable at $1.75 per ordinary share, expiring 60 months from issuance on March 16, 2031
$2,500,000 of net proceeds allocated as non-interest bearing loan to Blockfuel Energy, Inc. under December 24, 2025 Securities Purchase Agreement
Aegis Capital Corp. acted as exclusive placement agent