IBG · Innovation Beverage Group Limited

Summary

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.

Key takeaways

• Acquired 127,628 BFE shares (51% ownership) on March 16, 2026 via Share Exchange Agreement for warrants exercisable into 3,815,766 IBG shares at $0.0001.
• $2.5M unsecured promissory note to BFE at 0% interest, maturing March 16, 2027 or change of control, proceeds used for $2.5M share repurchase and cancellation.
• Amended merger agreement dated March 16, 2026; post-merger BFE becomes wholly-owned subsidiary, BFE holders ~90% ownership.
• Post-merger: beverage business moves to Australian subsidiary led by Sahil Beri as President; Daniel Lanskey as CEO of combined company.
• Merger closing subject to regulatory approvals, Nasdaq listing, and other conditions; warrants auto-exercise upon closing.
• Combined company focuses on U.S. oil/gas assets and power generation for data centers.