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IB Acquisition Corp. Extends Business Combination Deadline to March 2026
IBAC
Proxy Vote Outcomes
M&A
- IB Acquisition Corp. stockholders approved an extension of the deadline to complete its initial business combination from September 28, 2025, to March 28, 2026, at a Special Meeting held on September 22, 2025.
- This extension was authorized by amending the company's Amended and Restated Articles of Incorporation and the Investment Management Trust Agreement, with both proposals receiving 10,659,545 votes FOR.
- Following the vote, stockholders redeemed 10,009,120 shares at approximately $10.60 per share, leading to the removal of approximately $106.1 million from the Trust Account and leaving approximately $15.8 million remaining.
Sep 24, 2025, 8:40 PM
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