Company: IBACR
Filing Date: 2025-09-10
Form Type: DEFR14A
Source: 0001641172-25-027042
Chunk: 12

Company: IB Acquisition Corp.
Filing Date: 2025-09-10
Form: DEFR14A
Chunk 12
---
 that, if the Trust Account is liquidated, including in the event we are unable to complete 
 an initial business combination within the required time period, the Sponsor has agreed to      
 indemnify us to ensure that the proceeds in the Trust Account are not reduced below $10.05      
 per public share, or such lesser per public share amount as is in the Trust Account on the      
 liquidation date, by the claims of prospective target businesses with which we have entered     
 into an acquisition agreement or claims of any third party for services rendered or products    
 sold to us, but only if such a third party or target business has not executed a waiver of      
 any and all rights to seek access to the Trust Account; and                                     |

| ● | the                                                                                              
 fact that none of our officers or directors has received any cash compensation for services      
 rendered to the Company, and all of the current members of our Board are expected to continue    
 to serve as directors at least through the date of the special meeting to vote on a proposed     
 business combination and may even continue to serve following any potential business combination 
 and receive compensation thereafter.                                                             |

Risk Factors

You should consider carefully all of the risks described in our Annual Report on Form 10-K filed with the SEC on December 26, 2024 and in the other reports we file with the SEC before making a decision to invest in our securities. Furthermore, if any of the following events occur, our business, financial condition and operating results may be materially adversely affected or we could face liquidation. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. The risks and uncertainties described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and below are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, may also become important factors that adversely affect our business, financial condition and operating results or result in our liquidation.

There are no assurances that the Extension will enable us to complete a business combination.

Approving the Extension involves a number of risks. Even if the Extension is approved, the Company can provide no assurances that a business combination will be consummated prior to the Deadline Date. Our ability to consummate any business combination is dependent on a variety of factors, many of which are beyond our control. If the Extension is approved, the Company expects to seek stockholder approval of a business combination. We are required to offer stock