Innovation Beverage shares surge 11.11% intraday after completing merger with BlockFuel Energy.

Innovation Beverage surged 11.11% intraday following the announcement that it finalized a merger with BlockFuel Energy, Inc. on October 15. The transaction, disclosed in official press releases and market analyses, triggered significant investor optimism about the combined entity's strategic expansion into energy markets. The stock's sharp intraday rally aligns with the positive market reception of the merger, which is expected to diversify the company’s business model and unlock new revenue streams. Both news events explicitly linked the price movement to the deal’s completion, confirming its material impact on investor sentiment.