IB Acquisition holders approve SPAC deadline extension to March 28, 2027; 117,386 shares redeemed at ~$10.97

IB Acquisition Corp.

Special Meeting held Sept 24, 2026: Extension, Trust Amendment and Adjournment proposals all approved; 3,444,462 shares present, ~69% of stock outstanding at the Aug 27, 2026 record date.
Third Amendment extends the deadline to consummate an initial business combination from Sept 28, 2026 to March 28, 2027, or a later date approved by stockholders.
Trust funds stay locked until a deal closes or 100% of offering shares are redeemed, other than interest used to pay franchise and income taxes.
117,386 shares were redeemed at roughly $10.97 each, taking $1,288,199.54 out of the trust account and leaving about $7,042,627.97, subject to tax withdrawals.
Public stockholders keep redemption rights for any amendment changing the substance or timing of the pre-deal redemption and liquidation provisions.

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