Innovation Beverage shares surge 13.83% premarket after announcing potential merger with BlockFuel Energy.

Innovation Beverage Group surged 13.83% in premarket trading following the announcement of a potential merger with BlockFuel Energy, Inc. via a letter of intent. The deal, disclosed 1 hour prior to the price jump, signals strategic expansion into energy-related markets, likely boosting investor confidence in the company’s growth prospects. While a concurrent reverse stock split and recent distribution agreements also contributed to positive sentiment, the merger news was the most immediately impactful catalyst. Trading was temporarily halted due to volatility linked to the announcement, underscoring market reaction to the development.