Innovation Beverage Group Limited - Ordinary Shares (IBG)

Republic National Distribution Company opens new distribution channels in six states including California, one of the largest markets in the U.S.

Australia is the world's second largest bitters market, behind only the U.S.

Strong early response from retailers, distributors, and hospitality partners eager to bring IBG's award-winning premium bitters to cocktail enthusiasts and industry professionals alike

Blue Ridge to leverage its robust national sales team, established distributor and retailer relationships, to sell IBG's award-winning Australian Bitters Company and BITTERTALES brands

IBG's award-winning Australian Bitters Company brand is one of the top telling bitters brands in Australia

IBG's award-winning Australian Bitters, the first bitters to be sold by Sysco, is now available through Sysco.com, SyscoMarketplace.com, and SuppliesontheFly.com

Genevieve served in many executive leadership roles, including as CEO at Angostura Holdings Ltd, the world's largest cocktail bitters producer and one of the Caribbean's largest leading rum producers.

SYDNEY, AUSTRALIA / ACCESSWIRE / September 27, 2024 / Innovation Beverage Group Limited ("IBG" or the "Company"), a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands, today announced the closing of its initial public offering (the "Offering") of 1,350,000 ordinary shares, at a public offering price of $4.00 per share for total gross proceeds to the Company of $5.4 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted a 30-day option to the underwriters to purchase up to an additional 202,500 ordinary shares solely to cover over-allotments, if any.