secwatch.observer — SEC 8-K summary
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Issuer:     IB Acquisition Corp. (IBAC)
CIK:        0001998781
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0001493152-26-012814
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IB Acquisition shareholders approve extension to Sept 28, 2026; ~$7.9M redeemed from trust
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- All three proposals (extension, trust amendment, adjournment) passed with 5,007,821 for, 70,000 against, no abstentions.
- Shareholders redeeming 731,741 shares at ~$10.78/share, removing ~$7.9M from trust.
- Trust account balance after redemptions is ~$8.2M, subject to tax adjustments.
- Extension moves business combination deadline from March 28, 2026 to September 28, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1998781/000149315226012814/0001493152-26-012814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1998781/000149315226012814/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-012814

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer