On Monday, Innovation Beverage Group Limited (NASDAQ:IBG) said it has closed a registered public offering, raising approximately $6 million in gross proceeds before fees and expenses.
Offering Details And Use of Proceeds
The company, which develops and markets a portfolio of 60 beverage formulations across 13 alcoholic and non-alcoholic brands, structured the offering on a reasonable best-efforts basis. The transaction closed on March 16, 2026.
The public offering consisted of 3,428,569 Common Units, with each unit priced at $1.75. The company intends to use approximately $2.5 million of the net proceeds to make a non-interest-bearing loan to Blockfuel.
The remaining funds will be allocated for general corporate purposes and working capital.
The transaction closed on March 16, 2026, and follows a registration statement. It …
This post was originally published here
