Core Viewpoint - Innovation Beverage Group Ltd (IBG) has entered into a definitive agreement for a reverse triangular merger with BlockFuel Energy Inc (BFE), aiming to leverage BFE's energy innovation and Bitcoin mining capabilities, with the transaction expected to close in Q4 2025 and the combined entity to trade on Nasdaq under the ticker "FUEL" [1][2][5] Group 1: Transaction Details - The merger will result in BFE becoming a wholly owned subsidiary of IBG, with BFE's owners expected to hold 90% of the post-transaction ordinary shares of IBG [2] - The post-transaction combined entity is projected to have an equity valuation between US$220 million and US$343 million, significantly increasing IBG's implied post-transaction equity value from US$2.9 million to US$6.3 million to a range of US$22 million to US$34.3 million [2][5] Group 2: Leadership Changes - Upon closing, Daniel Lanskey, the current President and CEO of BFE, will become the Chairman and CEO of the new combined entity, while Sahil Beri, the current CEO of IBG, will transition to President of a newly formed beverage subsidiary [4] Group 3: Strategic Importance - The merger is seen as a pivotal milestone for IBG, providing a public vehicle for BFE to access capital markets and enhancing IBG's growth potential as a subsidiary of BlockFuel [5][6] - The integration of IBG's market presence with BFE's energy and Bitcoin mining technologies is expected to create long-term value and opportunities in the digital asset and energy sectors [6]
Innovation Beverage Group Enters into Definitive Merger Agreement with BlockFuel Energy, Inc.