Company: IBACR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023510
Chunk: 1

Company: IB Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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     — 
  
    Retained earnings 
     599,236  
     1,111,372 
  
    Total Stockholders’ Equity 
     599,661  
     1,111,797 
  
    Total Liabilities and Stockholders’ Equity 
    $122,176,971  
    $119,800,388 

The
accompanying notes are an integral part of the unaudited financial statements.

1

IB
ACQUISITION CORP.

STATEMENTS
OF OPERATIONS

(UNAUDITED)

    2025  
    2024  
    2025  
    2024 

    For the Three Months Ended June 30,  
    For the Nine Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative expenses 
    $172,210  
    $76,379  
    $512,136  
    $358,516 
  
    Loss from operations 
     (172,210) 
     (76,379) 
     (512,136) 
     (358,516)

    Other income: 

    Interest and dividends earned on cash and investments held in Trust Account 
     1,254,202  
     1,504,700  
     3,875,873  
     1,504,700 
  
    Other income 
     1,254,202  
     1,504,700  
     3,875,873  
     1,504,700 

    Income before provision for income taxes 
     1,081,992  
     1,428,321  
     3,363,737  
     1,146,184 
  
    Provision for income taxes 
     (263,382) 
     (314,854) 
     (813,933) 
     (314,854)
  
    Net income 
    $818,610  
    $1,113,467  
    $2,549,804  
    $831,330 

    Basic and diluted weighted average common stock outstanding, redeemable 
     11,500,000  
     11,500,000  
     11,500