Innovation Beverage Group receives Nasdaq noncompliance notice
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Innovation Beverage Group Ltd (NASDAQ: IBG) received a notice from Nasdaq on January 14, 2026, stating the company failed to hold an annual shareholder meeting within twelve months of its fiscal year ending December 31, 2024.
The notice indicated Innovation Beverage Group violated Nasdaq Listing Rules 5620(a), 5810(c)(2)(G), and IM-5620. The beverage company has 45 calendar days to submit a compliance plan to regain compliance with the exchange's requirements.
If Nasdaq accepts the compliance plan, the exchange may grant an exception of up to 180 calendar days from the fiscal year end for the company to regain compliance. Innovation Beverage Group stated it intends to submit a compliance plan and hold an annual meeting of shareholders by March 31, 2026.
The Sydney-based company develops, manufactures and markets beverage products across 13 alcoholic and non-alcoholic brands. Innovation Beverage Group operates 60 formulations in its beverage portfolio and maintains its headquarters and manufacturing facilities in Sydney, Australia, with a sales office in California.
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