Innovation Beverage Group Limited’s (NASDAQ:IBG) Lock-Up Period Will End on March 25th

Innovation Beverage Group’s (NASDAQ:IBG) lock-up period is set to end 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. 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 Stock Up 20.8 %

Innovation Beverage Group stock opened at $0.73 on Friday. Innovation Beverage Group has a 1-year low of $0.44 and a 1-year high of $3.35. The company has a fifty day simple moving average of $0.71.

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.