IB Acquisition Corp. entered into Amendment No. 2 to its Investment Management Trust Agreement and adopted a Second Amendment to its Amended and Restated Articles of Incorporation, extending the deadline to complete its initial business combination from March 28, 2026 to September 28, 2026, as approved by stockholders at a special meeting on March 25, 2026.
Key takeaways
The deadline to complete the initial business combination was extended by six months to September 28, 2026.
Stockholders approved the extension at a special meeting held on March 25, 2026.
The Trust Agreement was amended to authorize the extension and update liquidation procedures.
The Articles of Incorporation were amended to reflect the new deadline and related redemption rights.
If no business combination is completed by September 28, 2026, the company will liquidate the trust account and redeem all public shares.
Public stockholders retain redemption rights in connection with certain future amendments to the articles.