IBAC · IB Acquisition Corp. Common Stock

Summary

IB Acquisition Corp. held a special meeting of stockholders on March 25, 2026, where shareholders approved proposals to extend the business combination deadline from March 28, 2026 to September 28, 2026, amend the Trust Agreement, and approve adjournment if needed. Stockholders holding 731,741 shares redeemed at approximately $10.78 per share, removing $7.9 million from the Trust Account, leaving $8.2 million.

Key takeaways

• Special Meeting on March 25, 2026 with 5,077,821 shares present (88.46% of outstanding common stock)
• Extension Proposal approved: 5,007,821 FOR, 70,000 AGAINST, 0 ABSTAIN, 0 Broker Non-Votes
• Trust Amendment Proposal approved: 5,007,821 FOR, 70,000 AGAINST
• Adjournment Proposal approved: 5,007,821 FOR, 70,000 AGAINST
• 731,741 shares redeemed at ~$10.78/share, removing ~$7.9M from Trust Account, leaving ~$8.2M