IBAC extends business combination deadline to March 2026; ~$106M redeemed, trust drops to ~$15.8M

IB Acquisition Corp.

Stockholders approved extension from Sept 28, 2025 to March 28, 2026 for initial business combination.
10,009,120 shares redeemed at ~$10.60/share, removing ~$106.1M from trust account.
Remaining trust account balance approximately $15.8M, subject to tax adjustments.
Amendments to trust agreement and articles of incorporation adopted to effect extension.
Redemption represents ~63% of outstanding public shares, significantly reducing deal capacity.

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