{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012037","form_type":"8-K","ticker":"IBAC","cik":"0001998781","company_name":"IB Acquisition Corp.","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.427207+00:00","generated_at":"2026-06-04T05:35:44.527438+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IB Acquisition Corp. closes $115M SPAC IPO; trust funded with $115.575M","bullets":["Sold 11.5M units at $10/unit (including full over-allotment) for gross proceeds of $115M.","Sponsor purchased 610,500 Private Placement Units at $10 each, grossing $6.105M.","Net proceeds of $115.575M placed in trust; may be held until business combination or up to 18 months.","Appointed John Joyce, Silvia Panigone, Jian Zhang as independent directors and committee chairs.","Targets initial business combination with enterprise value of approx. $500M in North America, Europe, or Asia."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012037","json":"https://secwatch.observer/filing/0001493152-24-012037.json","markdown":"https://secwatch.observer/filing/0001493152-24-012037.md","text":"https://secwatch.observer/filing/0001493152-24-012037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:35:44.527438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6d165fe244","claim":"Jian Zhang was appointed as Independent Director at IB Acquisition Corp..","evidence_excerpt":"John Joyce, Silvia Panigone, and Jian Zhang were appointed to the board of directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Independent Director"}],"fact_type":"executive_change"},{"claim_id":"90d6f9ac3f","claim":"Silvia Panigone was appointed as Independent Director at IB Acquisition Corp..","evidence_excerpt":"John Joyce, Silvia Panigone, and Jian Zhang were appointed to the board of directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Independent Director"}],"fact_type":"executive_change"},{"claim_id":"f176812b10","claim":"John Joyce was appointed as Independent Director at IB Acquisition Corp..","evidence_excerpt":"John Joyce, Silvia Panigone, and Jian Zhang were appointed to the board of directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Independent Director"}],"fact_type":"executive_change"},{"claim_id":"0660217cfb7747288f4e2a30ac8d0bb57d8a7d01","claim":"IB Acquisition Corp. entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2024-03-25).","evidence_excerpt":"An Investment Management Trust Agreement, dated March 25, 2024, by and between the Company and Continental Stock Transfer & Trust Company, as trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Continental Stock Transfer & Trust Company"},{"label":"Effective","value":"2024-03-25"}],"fact_type":"material_agreement"},{"claim_id":"5f343700da15ba519a67cf3816c89f671c95eb46","claim":"IB Acquisition Corp. entered into Rights Agreement with Continental Stock Transfer & Trust Company (effective 2024-03-25).","evidence_excerpt":"A Rights Agreement, dated March 25, 2024, by and between the Company and Continental Stock Transfer & Trust Company, as rights agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Continental Stock Transfer & Trust Company"},{"label":"Effective","value":"2024-03-25"}],"fact_type":"material_agreement"},{"claim_id":"60c78e4d00158ed56c93eaf972a24062179e4bb1","claim":"IB Acquisition Corp. entered into Underwriting Agreement with I-Bankers Securities, Inc. valued at $115,000,000 (effective 2024-03-25).","evidence_excerpt":"An Underwriting Agreement, dated March 25, 2024, by and between the Company and I-Bankers Securities, Inc., as representative of the several underwriters","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"I-Bankers Securities, Inc."},{"label":"Value","value":"$115,000,000"},{"label":"Effective","value":"2024-03-25"}],"fact_type":"material_agreement"},{"claim_id":"8b5245b31505e8b56e2696282821a1b216ac0b18","claim":"IB Acquisition Corp. entered into Registration Rights Agreement with certain security holders (effective 2024-03-25).","evidence_excerpt":"Registration Rights Agreement, dated March 25, 2024, by and among the Company and certain security holders, a copy of which is attached","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315224012037/0001493152-24-012037-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain security holders"},{"label":"Effective","value":"2024-03-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}