Innovation Beverage Group Limited’s Lock-Up Period To Expire Tomorrow (NASDAQ:IBG)

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period is set to expire on Tuesday, March 25th. Innovation Beverage Group had issued 1,350,000 shares in its public offering on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. After the end of Innovation Beverage Group’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Innovation Beverage Group Stock Up 20.8 %

NASDAQ:IBG opened at $0.73 on Monday. The business’s 50 day moving average price is $0.71. Innovation Beverage Group has a 1-year low of $0.44 and a 1-year high of $3.35.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.