{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-043952","form_type":"8-K/A","ticker":"IBAC","cik":"0001998781","company_name":"IB Acquisition Corp.","filed_at":"2026-09-23T21:15:13+00:00","discovered_at":"2026-09-23T21:16:52.342549+00:00","generated_at":"2026-09-23T21:17:08.593104+00:00","sec_items":["3.02","1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IBAC secures $50M equity line, $16.5M PIPE for GNQ merger, amends deal to drop min cash","bullets":["Equity Purchase Facility: up to $50M from ELOC investor; 36-month commitment period, $675K convertible commitment note at $10/share.","PIPE: initial $16,470,588 senior secured convertible notes, up to $90M total; $10 conversion price, 12% interest.","Amending Agreement removes Minimum Cash closing condition, issues 350,000 shares to Buyer, releases 610,500 units from Sponsor lock-up.","All notes mature 12 months from issuance, convertible at $10 with 12% interest and 18% default rate, redemption at 130-135% premium.","Commitment Note interest payable in shares or cash; GNQ guarantees obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-043952","json":"https://secwatch.observer/filing/0001493152-26-043952.json","markdown":"https://secwatch.observer/filing/0001493152-26-043952.md","text":"https://secwatch.observer/filing/0001493152-26-043952.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1998781/000149315226043952/0001493152-26-043952-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1998781/000149315226043952/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-23T21:17:08.593104+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}