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IB Acquisition Corp. ( (IBAC) ) has provided an update.
IB Acquisition Corp. held a special meeting on September 22, 2025, where stockholders approved amendments to extend the deadline for completing a business combination to March 28, 2026. The amendments also outline procedures for redemption and liquidation if the company fails to complete the business combination by the new deadline. Approximately 90.96% of the company’s common stock was represented at the meeting, and stockholders approved all proposals, including the extension and trust amendments. As a result, $106.1 million will be removed from the Trust Account to pay stockholders who opted to redeem their shares, leaving approximately $15.8 million in the account.
More about IB Acquisition Corp.
Average Trading Volume: 45,775
Technical Sentiment Signal: Buy
See more data about IBAC stock on TipRanks’ Stock Analysis page.