Innovation Beverage Group Sets Up $2.5 Million At-the-Market Equity Program

Innovation Beverage Group Ltd. has initiated a $2.5 million at-the-market equity program through an agreement with Aegis Capital Corp. This allows the company to issue and sell its ordinary shares under an effective Form F-3 shelf registration statement in the U.S. The program, which incurs a 3% commission on gross proceeds, offers flexible access to equity capital on Nasdaq, potentially enhancing liquidity but may dilute existing shareholders. The company is based in Seven Hills, New South Wales, and is listed on the Nasdaq Capital Market.