IBAC

#4218
IB Acquisition Corp. - Common Stock
10.8 9 USD
+0.01%
Market Price
Sektor: Finanzen
Basis: USD
Gewinnwährung: USD
Tagesspanne
10.89
10.89
Jahresspanne
10.19
11.37
Tagesänderung
+0.83%
Monatliche Änderung
+0.65%
6 month change
+1.49%
Jahresänderung
+2.64%
Vorheriger Schlusskurs
10.8 9
Open
10.8 9
Tief
10.8 9
Hoch
10.8 9
Volumen
1
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Financials

Übersicht Finanzbericht Statistik Documents

2026

Quarterly report, Q2 FY2026
IB Acquisition Corp. quarterly report, Q2 FY2026
10-Q
Quarterly report, Q2 FY2026
IB Acquisition Corp. quarterly report, Q2 FY2026
10-Q
Current report, Q1 FY2026
IB Acquisition Corp. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
IB Acquisition Corp. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
IB Acquisition Corp. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
IB Acquisition Corp. current report, Q1 FY2026
8-K

2025

Quarterly report, Q1 FY2026
IB Acquisition Corp. quarterly report, Q1 FY2026
10-Q
Annual report, FY2025
IB Acquisition Corp. annual report, FY2025
10-K
Current report, Q3 FY2025
IB Acquisition Corp. current report, Q3 FY2025
8-K
Quarterly report, Q3 FY2025
IB Acquisition Corp. quarterly report, Q3 FY2025
10-Q

IB Acquisition Corp. current report, Q3 FY2025

Full document

Business Context and Reporting Period

Company: IB Acquisition Corp. (IBAC)
Filing Type: Form 8-K (Current Report)
Date of Report: September 22, 2025
Event: Special Meeting of Stockholders held to approve an extension of the deadline to consummate an initial business combination.

Key Financial Metrics

Trust Account Status:

  • Redemption Amount: Approximately $106.1 million removed from the Trust Account.
  • Shares Redeemed: 10,009,120 shares.
  • Redemption Price: Approximately $10.60 per share.
  • Remaining Trust Balance: Approximately $15.8 million (subject to change for tax withdrawals).

Other Metrics: The filing does not provide data on revenue, profit, operating cash flow, margins, or debt, as the company is a pre-business combination special purpose acquisition company (SPAC).

Material Changes

Extension of Business Combination Deadline:

  • The deadline to consummate an initial business combination was extended from September 28, 2025, to March 28, 2026.
  • This extension was approved via Amendment No. 1 to the Investment Management Trust Agreement and a First Amendment to the Amended and Restated Articles of Incorporation.

Capital Structure Impact:

  • Significant reduction in the Trust Account balance due to shareholder redemptions, leaving approximately $15.8 million to fund potential future transactions or liquidation.

Outlook, Risks, and Management Commentary

Management Actions:

  • Stockholders approved the extension proposal, the trust amendment, and an adjournment proposal.
  • The Trust Amendment specifies that no amounts will be deducted from the Trust Account to pay dissolution expenses if the company fails to complete a business combination by the new deadline.

Risks and Contingencies:

  • Liquidation Risk: If the company fails to complete a business combination by March 28, 2026 (or a later date approved by stockholders), the Trust Account will be liquidated.
  • Redemption Rights: Public stockholders retain the right to redeem shares in connection with amendments modifying the substance or timing of the redemption obligation.

Investor Verification Checklist

  • Verify the exact remaining balance in the Trust Account after accounting for any tax withdrawals.
  • Confirm the total number of outstanding shares post-redemption to assess the remaining equity base.
  • Review the full text of Amendment No. 1 to the Investment Management Trust Agreement (Exhibit 10.1) for specific terms regarding the extension.
  • Monitor for any subsequent filings regarding the identification of a target business combination before the March 28, 2026 deadline.