IB Acquisition Corp. Announces Key Amendments to Articles of Incorporation and Trust Agreement Following Shareholder Approval

Boca Raton, FL – March 25, 2026 – IB Acquisition Corp. (“the Company”, NASDAQ: IBAC) has announced significant corporate actions following a special meeting of shareholders held on March 25, 2026. The Company entered into critical amendments that could materially impact shareholders and the future direction of the Company.

Key Highlights

• Shareholders Approve Extension Amendment: At a special meeting, shareholders approved the Company’s proposal to amend its Amended and Restated Articles of Incorporation, impacting the timeline and conditions for a potential business combination.
• Amendment No. 2 to Investment Management Trust Agreement: Simultaneously, the Company executed Amendment No. 2 to its Investment Management Trust Agreement with Continental Stock Transfer & Trust Company, further aligning with the newly amended Articles of Incorporation.

Details of the Approved Amendments

• Extension of Deadline for Business Combination:
  • The Company now has until September 28, 2026 to consummate an initial business combination.
  • If a business combination is not completed by this date, the Company will commence redemption and liquidation procedures for the public shares.
• Redemption Rights for Public Shareholders:
  • Shareholders are provided with the right to redeem their shares in the event of any amendment which modifies the substance or timing of the Company’s obligation to redeem 100% of the public shares if a business combination is not consummated by the new deadline.
  • This also applies to amendments affecting other material pre-business combination provisions, subject to applicable redemption limitations.
  • The redemption price will be equal to the aggregate amount in the Company’s trust account, including accrued interest (less franchise and income taxes), divided by the number of outstanding public shares.
• Fiduciary Safeguards:
  • Funds in the Company’s trust account will not be released except as permitted, primarily for the payment of franchise and income taxes, unless a business combination is completed or the Company is liquidated.
  • Any amendment which would allow earlier release of trust funds (other than for taxes) or change the redemption obligations requires public shareholder approval and, if redemption rights cannot be exercised due to the redemption limitation, the amendment is voided and the original provisions remain in force.

Changes to Listed Securities

• Common Stock: The Company’s common stock (par value \$0.0001 per share) continues to trade under the symbol IBAC on NASDAQ.
• Rights: The Company’s listed rights (symbol IBACR) entitle holders to receive one-twentieth of one share of common stock for each right held, also traded on NASDAQ.

Shareholder and Market Implications

• Potential Share Price Sensitivity:
  • The extension allows more time for the Company to pursue a business combination, which could affect investor sentiment and the trading price of IBAC and IBACR.
  • Shareholders now have a defined timeline and clear redemption rights, which may influence market confidence, especially for arbitrage and SPAC-focused investors.
  • Any future amendments impacting the trust account or redemption rights will require shareholder approval, providing additional security to public investors.
• Emerging Growth Company Status:
  • The Company confirms its status as an Emerging Growth Company, which allows reduced regulatory compliance and may impact its financial reporting and disclosure obligations.
  • The Company has not elected out of the extended transition period for complying with new or revised financial accounting standards, meaning it will continue to benefit from the accommodations available to emerging growth companies.

Exhibits Filed

• Exhibit 3.1: Second Amendment to the Amended and Restated Articles of Incorporation
• Exhibit 10.1: Amendment No. 2 to the Investment Management Trust Agreement
• Exhibit 104: Cover page Interactive Data File (Inline XBRL)

Conclusion

These amendments represent material events for shareholders of IB Acquisition Corp. The extension of the business combination deadline, enhanced redemption rights, and the Company’s commitment to shareholder protections are all significant. Investors should monitor further developments, as successful completion of a business combination or failure to do so by the new deadline will have direct impacts on the value and liquidity of IBAC and IBACR securities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information herein is based on company filings and may be subject to further updates or changes.

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