Core Insights - Innovation Beverage Group (IBG) has entered into a definitive agreement for a reverse triangular merger with BlockFuel Energy (BFE), expected to close in Q4 2025 [1] - Upon completion, BFE will become a wholly owned subsidiary of IBG, with BFE's owners expected to hold 90% of IBG's total ordinary shares post-transaction [1] - The independent fairness analysis by Marshall & Stevens estimates the post-merger equity valuation of the combined entity to be between $220 million to $343 million [1] Financial Summary - Shareholders of IBG will own 10% of the combined entity, translating to an implied post-transaction equity value for IBG between $22 million to $34.3 million, compared to a pre-transaction valuation of $2.9 million to $6.3 million [1] - The merger is anticipated to significantly increase the equity valuation of IBG, indicating a substantial growth opportunity for the company [1] Leadership Changes - Daniel Lanskey, the current President and CEO of BlockFuel, will become the Chairman of the Board and CEO of the new combined entity [1] - Sahil Beri, the current Chairman and CEO of IBG, will resign from these positions and take on the role of President of a newly formed beverage subsidiary [1]
Innovation Beverage enters definitive merger agreement with BlockFuel Energy