Innovation Beverage enters definitive merger agreement with BlockFuel Energy

Innovation Beverage (IBG) Group has entered into a definitive agreement for a reverse triangular merger transaction with BlockFuel Energy. IBG and BFE expect to close the transaction in the fourth quarter of 2025, subject to customary closing conditions and will trade on the Nasdaq under the ticker symbol “FUEL”. Under the terms of the definitive agreement, IBG will merge with BlockFuel through a reverse triangular merger, with a newly formed subsidiary of IBG formed for the transaction merging with and in ...