Innovation Beverage Group says 2024 financial statements should no longer be relied upon, plans restatement

• Innovation Beverage Group flagged errors in its fiscal 2024 financial statements on Sept. 15, 2026, triggering a required restatement.
• Total assets cut to $3.77 million from $4.96 million; liabilities lifted to $3.35 million from $2.34 million.
• Stockholders’ equity reduced to $415,865 from $2.62 million; accumulated deficit widened to $11.13 million from $8.8 million.
• Net loss increased to $4.7 million from $2.57 million; operating expenses rose to $7.29 million from $5.43 million.
• Management identified material weaknesses in financial reporting controls; Nasdaq notified on continued listing obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovation Beverage Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-26-001250), on September 16, 2026, and is solely responsible for the information contained therein.