Company: IBACR
Filing Date: 2025-09-24
Form Type: 8-K
Source: 0001493152-25-014810
Chunk: 3

Company: IB Acquisition Corp.
Filing Date: 2025-09-24
Form: 8-K
Item: Item 5.07
Chunk 3
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AINED      Broker Non-Votes  
 ────────────────────────────────────────────────────────────────────────────
  10,398,603          3,927,368                    0                     0  

Based
on the foregoing votes, the proposal was approved.

Stockholders
holding 10,009,120 shares of the Company’s shares of common stock exercised their right to redeem their shares for cash at an
approximate price of $10.60 per share of the funds in the Trust Account. As a result, approximately $106.1 million will be removed
from the Trust Account to pay such holders, leaving approximately $15.8 million remaining in the Trust Account. This amount is subject to change to account for the payment of tax
withdrawals.