IB Acquisition Corp gets Nasdaq notice over missed annual meeting; has until March 29, 2027 to regain compliance

IB Acquisition Corp.

Nasdaq Listing Qualifications notified IB Acquisition Corp on Oct 5, 2026 that it fails Listing Rule 5620(a) for not holding an annual shareholder meeting within 12 months of fiscal year end.
Company has 45 calendar days to submit a compliance plan; if Nasdaq accepts, an exception of up to 180 days from fiscal year end, or until March 29, 2027, may be granted.
Planned compliance plan will set out a proxy statement preparation and proxy solicitation timeline leading to the annual meeting of shareholders.
Determination Letter has no immediate effect on listing; common stock (IBAC) and rights (IBACR) continue trading on the Nasdaq Capital Market during the compliance period.
Filing signed by Chief Executive Officer Al Lopez and dated October 6, 2026.

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