<div id="readability-page-1"><div>IB Acquisition Corp., a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, has released its Form 10-K report. The company, which converted from a Delaware entity to a Nevada corporation in September 2023, provides insights into its financial performance, business operations, strategic initiatives, and the challenges it faces in the current market environment. Financial Highlights For the fiscal year ended September 30, 2025, IB Acquisition Corp. reported a net income of $3.42 million, primarily driven by interest and dividends earned on cash and investments held in the Trust Account. This marks a significant increase from the previous year's net income of $1.87 million, which was also primarily driven by interest and dividends earned on cash and investments held in the Trust Account. Business Highlights Company Overview: IB Acquisition Corp. is a blank check company formed to effectuate a business combination with one or more businesses. The company converted from a Delaware entity to a Nevada corporation in September 2023.Management Team and Board of Directors: The management team and board members bring significant experience in private investing, corporate finance, restructuring, and executive management across various industries. Their extensive network spans North and South America, Asia-Pacific, and Europe, providing competitive advantages in sourcing and evaluating business combinations.Business Strategy: The company aims to focus on high-growth industries such as fintech, healthcare and life sciences, sports and entertainment, and consumer goods. It plans to provide growth capital and facilitate liquidity events for target companies.Acquisition Criteria: IB Acquisition Corp. targets businesses with an enterprise value of at least $500 million, strong fundamentals, leading market positions, and cash flow generation. The company seeks businesses ready for public markets with favorable growth outlooks.Public Company Status: As a public company, IB Acquisition Corp. offers target businesses an alternative to traditional IPOs, potentially providing greater access to capital and management incentives.Initial Business Combination Process: The company plans to conduct thorough due diligence, leveraging the expertise of its management team and advisors. It aims to complete a business combination within 24 months of its IPO, focusing on acquiring a controlling interest in the target.Liquidity and Capital Resources: The company completed its IPO in March 2024, raising $115 million, and has additional funds from a private placement. These funds are intended to complete a business combination and finance the operations of the target business.Future Outlook: IB Acquisition Corp. plans to address liquidity concerns through a business combination and aims to complete this within the specified combination period. The company is focused on identifying and evaluating target businesses for potential acquisition. Strategic Initiatives Strategic Initiatives: IB Acquisition Corp. is focused on completing a business combination using proceeds from its Initial Public Offering and private placement sales. The company aims to utilize cash, stock, and debt to effectuate this combination, with a strategic emphasis on identifying and evaluating target businesses for acquisition.Capital Management: The company completed its Initial Public Offering on March 28, 2024, raising $115 million through the sale of 11,500,000 units. Additionally, it raised $6.1 million through a private placement of 610,500 units. The funds are primarily held in a Trust Account, intended for use in completing the business combination. The company has not paid dividends and does not plan to do so before completing the business combination. It also has no long-term debt or off-balance sheet financing arrangements.Future Outlook: The company faces substantial doubt about its ability to continue as a going concern due to liquidity constraints and ongoing costs related to its acquisition plans. Management plans to address these concerns through a successful business combination. The company may need additional financing to complete the business combination or if it becomes obligated to redeem a significant number of public shares. It is also exploring potential working capital loans from its sponsor or affiliates to finance transaction costs related to the business combination. Challenges and Risks Market Risks: The increasing number of special purpose acquisition companies (SPACs) has intensified competition for attractive target businesses, potentially increasing the cost of business combinations and making it difficult to find suitable targets.Operational Risks: The company may not complete its initial business combination within the prescribed timeframe, leading to liquidation and potential loss for stockholders. Additionally, the ability of public stockholders to redeem shares for cash could make the company's financial condition unattractive to potential targets.Regulatory Risks: Certain business combinations may require regulatory approval, which, if not obtained, could prevent the consummation of a business combination. This includes potential reviews by U.S. and foreign regulatory authorities, such as CFIUS, which could delay or block transactions.Emerging Risks: Changes in the market for directors and officers liability insurance have made it more difficult and expensive to negotiate and complete business combinations. Additionally, the company may face challenges related to international trade policies, tariffs, and treaties, which could impact its ability to complete a business combination or affect post-combination operations.Financial Risks: The company may issue shares at a price lower than the market price in connection with a business combination, potentially diluting existing stockholders. Furthermore, the company may incur substantial debt to complete a business combination, which could adversely affect its financial condition.Management’s Discussion and Analysis: Management acknowledges the competitive landscape and the challenges posed by the current market conditions for SPACs. The company is focused on identifying suitable targets and structuring transactions that optimize value for stockholders. Management is also aware of the potential need for additional financing to complete a business combination and is exploring options to secure such financing if necessary.Quantitative and Qualitative Disclosures About Market Risk: The company is exposed to market risks, including fluctuations in interest rates and foreign currency exchange rates, which could impact its financial results. Management is monitoring these risks and considering strategies to mitigate potential adverse effects on the company's financial performance.SEC Filing: IB Acquisition Corp. [ IBAC ] - 10-K - Dec. 29, 2025</div></div>

IBAC

IB Acquisition Corp. has released its SEC Form 10-K report, detailing its financial performance and strategic initiatives. For the fiscal year ending September 30, 2025, the company reported a net income of $3.42 million, up from $1.87 million the previous year. The company, which transitioned from Delaware to Nevada in September 2023, aims to target businesses with an enterprise value of at least $500 million in high-growth sectors. It raised $115 million in its IPO and is focused on completing a business combination within 24 months, despite facing market and operational risks.

IB Acquisition Corp. SEC 10-K Report