<SEC-DOCUMENT>0001731122-22-001979.txt : 20241025
<SEC-HEADER>0001731122-22-001979.hdr.sgml : 20241025
<ACCEPTANCE-DATETIME>20221114203931
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001731122-22-001979
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20221114

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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<TYPE>CORRESP
<SEQUENCE>1
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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="margin: 0">&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>Seven Hills, NSW 2147</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Australia</B></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 0.5pt 0 3.5in; text-align: right; text-indent: 0.5in">November 15, 2022</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">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="padding: 0pt; width: 0.25in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>Re:</B></FONT></TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>Innovation Beverage Group <FONT STYLE="letter-spacing: -0.25pt">Ltd</FONT></B></FONT></TD></TR>
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    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>Amendment No. 8 to the Registration Statement on Form F-1 </B></FONT></TD></TR>
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    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><B>File No. 333-266965</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt"><B>Filed November 15, 2022</B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; text-indent: 0.5in"><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; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Innovation Beverage Group Ltd
(the &ldquo;<B>Company</B>&rdquo; or &ldquo;<B>IBG</B>&rdquo;) previously submitted Amendment No. 7 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 October 25, 2022. Amendment No. 8 responds
to the comment letter received on November 4, 2022 from the staff of the Commission (the &ldquo;<B>Staff</B>&rdquo;). For ease of review,
we have set forth below the comment of your letter followed by the Company&rsquo;s response thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 280.65pt 0 0"><U>Risk Factors, page 16</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 280.65pt 0 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">We note recent instances of extreme stock price run-ups followed by rapid
price declines and stock price volatility seemingly unrelated to company performance following a number of recent initial public offerings,
particularly among companies with relatively smaller public floats. Revise to include a separate risk factor addressing the potential
for rapid and substantial price volatility and any known factors particular to your offering that may add to this risk and discuss the
risks to investors when investing in stock where the price is changing rapidly. Clearly state that such volatility, including any stock-run
up, may be unrelated to your actual or expected operating performance and financial condition or prospects, making it difficult for prospective
investors to assess the rapidly changing value of your <FONT STYLE="letter-spacing: -0.1pt">stock.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 58.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Response</B>: The Company acknowledges the Staff&rsquo;s
comment and has made the requested revision on page 32. Please see the risk factor titled, &ldquo;The market price of our ordinary shares
and warrants may be highly volatile, and you could lose all or part of your investment.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.45pt">&nbsp;</P>

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

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    <TD STYLE="padding: 0pt; width: 45%; text-indent: 0pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">Sincerely,</FONT></TD></TR>
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    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
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    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Dean Huge</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 296.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 0">cc:&#9;Darrin Ocasio</P>

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

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