<SEC-DOCUMENT>0001731122-22-001553.txt : 20241025
<SEC-HEADER>0001731122-22-001553.hdr.sgml : 20241025
<ACCEPTANCE-DATETIME>20220913163649
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ACCESSION NUMBER:		0001731122-22-001553
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Innovation Beverage Group Ltd
		CENTRAL INDEX KEY:			0001924482
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		29 ANVIL ROAD
		CITY:			SEVEN HILLS, NEW SOUTH WALES
		STATE:			C3
		ZIP:			2147
		BUSINESS PHONE:		954-496-3656

	MAIL ADDRESS:	
		STREET 1:		29 ANVIL ROAD
		CITY:			SEVEN HILLS, NEW SOUTH WALES
		STATE:			C3
		ZIP:			2147
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Innovation Beverage Group Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>29 Anvil Road</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;Seven Hills, NSW 2147</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;Australia</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 252pt; text-indent: 36pt">September 13, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 252pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Division of Corporate Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attn: Sherry Haywood and Evan Ewing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 0.5in">&nbsp;</TD>
<TD STYLE="width: 0.5in; text-align: left"><B>Re:</B></TD><TD STYLE="text-align: justify"><B>Innovation Beverage Group <FONT STYLE="letter-spacing: -0.25pt">Ltd</FONT></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><B>Amendment No.
<FONT STYLE="letter-spacing: -0.2pt">2 </FONT>to the Registration Statement on Form F-1 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-indent: 0pt; text-align: justify"><B>Submitted September
13, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-indent: 0pt; text-align: justify"><B>File No. <FONT STYLE="letter-spacing: -0.1pt">0001924482</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 36pt; text-align: justify; text-indent: 36pt"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 0">Dear Ms. Haywood and Mr. Ewing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Innovation Beverage Group Ltd (the
&ldquo;<B>Company</B>&rdquo; or &ldquo;<B>IBG</B>&rdquo;) previously submitted Amendment No. 1 to the Company&rsquo;s Registration Statement
on Form F-1 (the &ldquo;<B>Registration Statement</B>&rdquo;) pursuant to Title I, Section 106 under the Jumpstart Our Business Startups
Act with the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) on September 7, 2022. Amendment No. 2 has been revised
to reflect the Company&rsquo;s responses to the comment letter received on September 12, 2022 from the staff of the Commission (the &ldquo;<B>Staff</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">For ease of review, we have set
forth below each of the numbered comments of your letter followed by the Company&rsquo;s responses thereto. Unless otherwise indicated,
capitalized terms used herein have the meanings assigned to them in Amendment No. 2 and all references to page numbers in such responses
are to page numbers in Amendment No. 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 184.5pt 0 7pt"><U>Amendment No. 1 to Registration Statement on Form F-1</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 184.5pt 0 7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 233.35pt 0 7pt"><U>Exhibit Index, page II-<FONT STYLE="letter-spacing: -0.5pt">5</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 233.35pt 0 7pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.35pt">1.</TD><TD STYLE="padding-right: 5.8pt">To the extent that you are redacting information pursuant to Item 601(b)(10)(iv) of Regulation S-K, please
mark the exhibit index to indicate that portions of your exhibits have been omitted. Additionally, please clearly indicate where the information
is omitted in Exhibit 4.5. If you are not relying on Item 601(b)(10)(iv) of Regulation S-K for Exhibit 4.5, refile the exhibit without
the statement on the first page stating that certain information has been redacted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.8pt 0 40.8pt; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; text-indent: 0cm"><B>Response</B>: The Company
acknowledges the Staff&rsquo;s comment and respectfully notes that the structure of the offering will no longer include warrants and,
therefore, Exhibit 4.4 <I>Specimen Certificate for Warrant</I> and Exhibit 4.5 <I>Form of Warrant Agent Agreement</I> have been removed
from the Exhibit Index.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; text-indent: 0cm">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Signatures, page II-<FONT STYLE="letter-spacing: -0.5pt">6</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.5pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.35pt">2.</TD><TD STYLE="text-align: justify; padding-right: 17.2pt">The registration statement must be signed by your principal financial officer and
principal accounting officer or controller. Additionally, any person who occupies more than one of the specified positions, for example,
principal financial officer and principal accounting officer or controller, must indicate each capacity in which he signs the registration
statement. Refer to instructions 1 and 2 of Form F-1 and revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.2pt 0 40.8pt; text-align: justify; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify"><B>Response</B>: The Company acknowledges
the Staff&rsquo;s comment and has incorporated into the signature block that the Chief Financial Officer is signing in his capacity as
the &ldquo;Principal Financial Officer and Controller&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><U>General</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

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<TD STYLE="width: 35.35pt">3.</TD><TD STYLE="text-align: justify; padding-right: 6.55pt">We note that the form of warrant included in Exhibit 4.5 provides that all legal
proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by the warrant shall be commenced
exclusively in the state and federal courts sitting in the city of New York, and that the company irrevocably submits to such exclusive
jurisdiction. Please disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. If so, please
also state that there is uncertainty as to whether a court would enforce such provision. If the provision applies to Securities Act claims,
please also state that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In
that regard, we note that Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits
brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If this provision does
not apply to actions arising under the Securities Act or Exchange Act, please also ensure that the exclusive forum provision in the governing
documents states this clearly, or tell us how you will inform investors in future filings that the provision does not apply to any actions
arising under the Securities Act or Exchange Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 40.8pt; text-align: justify; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify"><B>Response</B>: The Company acknowledges
the Staff&rsquo;s comment and respectfully notes that Exhibit 4.5 has been removed from the Exhibit Index as explained in response to
Comment No. 1 herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Should you have any questions regarding
the foregoing, please do not hesitate to contact the Company&rsquo;s counsel, Darrin Ocasio, of Sichenzia Ross Ference LLP at (212) 930-9700.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

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<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dean Huge</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cc:</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Darrin Ocasio</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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