<p>Innovation Beverage Group Ltd. provided an update on its proposed combination with BlockFuel Energy Inc., highlighting continued progress toward completing the deal, which is expected to close by the end of the first quarter of 2026 pending Nasdaq listing approval. Recent developments tied to the transaction include the acquisition of oil and gas production assets in Oklahoma, the signing of a memorandum of understanding for digital asset mining in the UAE with Greenbelt Industries, and new equity financing from Aegis Capital. According to company leadership, these steps reflect ongoing efforts to build a diversified, integrated platform focused on energy production and digital infrastructure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovation Beverage Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9628756) on January 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

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<p>Innovation Beverage Group Ltd. has updated on its merger progress with BlockFuel Energy Inc., expecting completion by Q1 2026, pending Nasdaq approval. Recent developments include acquiring oil and gas assets in Oklahoma, a memorandum of understanding for digital asset mining in the UAE with Greenbelt Industries, and new equity financing from Aegis Capital. These initiatives aim to create a diversified platform focused on energy production and digital infrastructure.</p>

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Innovation Beverage Group Updates on Progress Toward BlockFuel Energy Merger