Innovation Beverage announces 5-for-1 reverse stock split

Innovation Beverage (IBG) Group will effect a five-for-one reverse stock split of its ordinary shares. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on September 26, 2025, and the Company’s ordinary shares will begin trading on a split-adjusted basis when the market opens on September 26, 2025. Following the Reverse Stock Split, the Company’s ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol “IBG”, with a new CUSIP number of Q4933C133. As of September 21, 2025, the Company had 11,613,489 ordinary shares issued and outstanding. Following the Reverse Stock Split, there will be 2,322,698 ordinary shares issued and outstanding. As previously disclosed, on August 29, 2025, the Company received a Nasdaq Staff Delisting Determination Letter from The Nasdaq Stock Market stating that the Company had not regained compliance with Nasdaq Listing Rule 5550(a)(2) during its allotted compliance period. The Company requested a hearing before the Nasdaq Hearings Panel, which has been granted. The hearing has been scheduled for October 2025. The Company’s request stayed any suspension or delisting action pending the conclusion of the hearing process and any extension period that may be granted.