Innovation Beverage Group Ltd (NASDAQ:IBG) surged 75% on Wednesday after announcing a definitive agreement for a reverse triangular merger with BlockFuel Energy Inc..
The deal is expected to close in the fourth quarter of 2025, after which the combined company will trade on the Nasdaq under the ticker “FUEL.” Under the merger terms, BlockFuel shareholders will control 90% of the new entity, while existing IBG shareholders will hold the remaining 10%.
An independent fairness opinion by Marshall & Stevens Transaction Advisory Services estimated the post-transaction equity value of the combined company at $220 million to $343 million. This implies a valuation for IBG’s portion between $22 million and $34.3 million — a sharp increase from its pre-deal valuation range of $2.9 million to $6.3 million.
Once the transaction is completed, Daniel Lanskey, currently President and CEO of BlockFuel and a director at IBG, will assume the role of Chairman and CEO of the merged company. Sahil Beri, IBG’s Chairman and CEO, will step down from his current roles to become President of a newly created beverage subsidiary.
BlockFuel Energy specializes in oil and gas exploration and power generation to support Bitcoin mining operations and high-performance data centers across North America. The merger seeks to combine IBG’s public market footprint with BlockFuel’s energy infrastructure and Bitcoin mining technology.
Innovation Beverage Group stock price
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