Innovation Beverage Group Ltd announced on September 23, 2025, that it will effect a five-for-one (5-for-1) reverse stock split of its ordinary shares. The reverse stock split is scheduled to become effective at 12:01 a.m. Eastern Time on September 26, 2025. Trading on a split-adjusted basis will commence when the market opens on September 26, 2025.
This action is a direct response to the Nasdaq Staff Delisting Determination Letter received on August 29, 2025, due to non-compliance with Nasdaq Listing Rule 5550(a)(2). The reverse split aims to increase the per-share price of IBG's ordinary shares to regain compliance with Nasdaq's minimum bid price requirement.
As of September 21, 2025, the company had 11,613,489 ordinary shares issued and outstanding. Following the reverse stock split, the total number of ordinary shares issued and outstanding will be reduced to 2,322,698. The company's shares will continue to trade on The Nasdaq Capital Market under the symbol "IBG" with a new CUSIP number.
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