Company: IBACR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023510
Chunk: 62

Company: IB Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 the Chief Financial Officer (“CODM”), who reviews the
operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly,
management has determined that the Company only has one operating segment.

When
evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews key metrics, which
includes general and administrative expenses and interest and dividends earned on cash and investments held in Trust Account which are
included in the unaudited statements of operations.

The
key measures of segment profit or loss reviewed by our CODM are interest and dividends earned on cash and investments held in Trust Account
and general and administrative expenses. The CODM reviews interest and dividends earned on cash and investments held in Trust Account
to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining
compliance with the trust agreement. General and administrative expenses are reviewed and monitored by the CODM to manage and forecast
cash to ensure enough capital is available to complete a business combination within the business combination period. The CODM also reviews
general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements
and budget.

NOTE
10. SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited financial
statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment
or disclosure in the unaudited financial statements.

13

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

References
in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to IB Acquisition
Corp. References to our “management” or our “management team” refer to our officers and directors, and references
to the “Sponsor” refer to I-B Good Works 4, LLC. The following discussion and analysis of the Company’s financial condition
and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this
Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that
involve risks and uncertainties.

Special
Note Regarding Forward-Looking Statements

This
Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of