Street Calls of the Week
SYDNEY - Innovation Beverage Group Ltd (NASDAQ:IBG), a developer and marketer of alcoholic and non-alcoholic beverages with a market capitalization of $3.2 million, announced Tuesday it will implement a five-for-1 reverse stock split effective September 26, 2025. The company’s stock has declined 87% over the past year amid challenging market conditions.
The company’s shares will begin trading on a split-adjusted basis when markets open on Friday, with the stock continuing to trade under the symbol IBG but with a new CUSIP number of Q4933C133.
Following the reverse split, IBG’s outstanding shares will decrease from approximately 11.6 million to 2.3 million shares.
The announcement comes after IBG received a Nasdaq Staff Delisting Determination Letter on August 29, stating the company had not regained compliance with Nasdaq’s minimum bid price requirement. IBG has requested a hearing before the Nasdaq Hearings Panel, scheduled for October 2025, which has temporarily stayed any suspension or delisting action.
The company currently maintains a portfolio of 60 beverage formulations across 13 brands, including Australian Bitters, BITTERTALES, Drummerboy Spirits, and Twisted Shaker, according to the press release statement.
Shareholders with questions about the reverse split can contact their brokers or the company’s transfer agent, VStock Transfer.
In other recent news, Innovation Beverage Group Ltd has received a Staff Delisting Determination Letter from the Nasdaq Stock Market. The company was informed that it did not meet the minimum bid price and stockholders’ equity requirements necessary for continued listing. Specifically, Innovation Beverage Group failed to maintain a minimum $1.00 per share closing bid price over 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). This notification was initially given on February 25, and the company was allotted 180 days, until August 25, to comply with the requirements. Innovation Beverage Group has announced plans for a reverse stock split as a strategy to address this issue. These developments are part of the company’s ongoing efforts to maintain its listing on the Nasdaq Stock Market.
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