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 IPO on September 26th. The total size of the offering was $5,400,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Innovation Beverage Group Price Performance

NASDAQ IBG opened at $0.73 on Monday. The business’s fifty day simple moving average is $0.71. Innovation Beverage Group has a fifty-two week low of $0.44 and a fifty-two week high of $3.35.

Innovation Beverage Group Company Profile

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.