Core Viewpoint - Innovation Beverage Group Ltd ("IBG") has received a notice from Nasdaq regarding non-compliance due to not holding an annual meeting of shareholders within the required timeframe [1][2] Group 1: Compliance and Regulatory Issues - IBG did not hold its annual meeting of shareholders within twelve months of the end of its fiscal year on December 31, 2024, leading to non-compliance with Nasdaq Listing Rules [1] - The company has 45 calendar days to submit a compliance plan to regain compliance, with the possibility of an extension of up to 180 calendar days if the plan is accepted [2] Group 2: Company Overview - IBG is a developer, manufacturer, and marketer of a beverage portfolio consisting of 60 formulations across 13 brands, both alcoholic and non-alcoholic [3] - The company focuses on premium and super premium brands, aiming to disrupt established brands in the market [3] - Established in 2018, IBG's headquarters and manufacturing center are located in Sydney, Australia, with a U.S. sales office in California [3]
Innovation Beverage Group Announces Receipt of Nasdaq Notice of Annual Shareholder Meeting Noncompliance