Innovation Beverage shares surge 22.57% intraday after announcing potential merger with BlockFuel Energy.

Innovation Beverage Group surged 22.57% intraday trading after announcing a letter of intent for a potential merger with BlockFuel Energy, Inc. The merger, disclosed 1 hour prior to the price spike, signals a strategic shift into the energy sector and likely ignited investor optimism about expanded market opportunities. A concurrent reverse stock split, announced 5 hours earlier, may have further improved liquidity by reducing the share price. The stock’s sharp intraday rally aligns with the merger’s perceived value-creation potential, overshadowing older news about distribution agreements and product awards. Trading was temporarily halted due to a “LULD pause,” but the merger announcement remains the primary catalyst for the upward move.