Recent Updates — IBAC

On October 5, 2026, Nasdaq notified IB Acquisition Corp. that it is no longer compliant with Listing Rule 5620(a) because the company has not held an annual shareholder meeting within twelve months of its fiscal year end. The company has 45 days to submit a compliance plan and up to 180 calendar days from its fiscal year end, or until March 29, 2027, to regain compliance. Trading will continue under the symbol IBAC during this period. IB Acquisition Corp. operates as a blank check company in the special purpose acquisition vehicle industry.

IB Acquisition Corp. stockholders approved a proposal to extend the deadline for consummating an initial business combination from September 28, 2026, to March 28, 2027. The extension was supported by approximately 99.8% of votes cast, with only 4,523 shares voting against it. Concurrently, holders of 117,386 shares exercised redemption rights at approximately $10.97 per share, resulting in a payout of roughly $1.29 million from the trust account. This leaves approximately $7.04 million remaining in the trust to fund future operations or a potential business combination. IB Acquisition Corp. operates as a blank check company (SPAC) focused on identifying and merging with private enterprises.