Company: IBACR
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001641172-25-026995
Chunk: 27

Company: IB Acquisition Corp.
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 27
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 same effect as a vote “AGAINST” the Trust Amendment Proposal. If you do not want the Trust Amendment Proposal approved, you must abstain, not vote, or vote “AGAINST” the Trust Amendment.

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Our Sponsor, I-Bankers, and our independent directors (current and former) are expected to vote any common stock owned by them in favor of the Trust Amendment Proposal. On the record date, our Sponsor, I-Bankers, and our independent directors (current and former) beneficially owned and were entitled to vote an aggregate of 3,593,590 shares, including 3,243,590 Founder Shares, representing approximately 22.8% of the Company’s issued and outstanding shares of common stock. Our Sponsor, I-Bankers and our independent directors (current and former) do not intend to purchase shares of common stock in the open market or in privately negotiated transactions in connection with the stockholder vote on the Trust Amendment.

Recommendation of the Board

Our Board unanimously recommends that our stockholders vote “FOR” the approval of the Trust Amendment Proposal.

<div align='center'>PROPOSAL 3:

THE ADJOURNMENT PROPOSAL</div>

Overview

The Adjournment Proposal, if adopted, will allow our Board to adjourn the Special Meeting to a later date or dates to permit further solicitation of proxies. The Adjournment Proposal will only be presented to our stockholders in the event that (i) there are insufficient votes for, (ii) there is a lack of quorum, or (iii) other circumstances arise in connection with, the approval of either Proposal 1 or 2, as determined by the Board in its sole discretion. In no event will our Board adjourn the Special Meeting beyond September 28, 2025.

Consequences if the Adjournment Proposal is Not Approved

If the Adjournment Proposal is not approved by our stockholders, our Board may not be able to adjourn the Special Meeting to a later date in the event that there are insufficient votes for, or otherwise in connection with, the approval of either Proposal 1 or 2.

Vote Required for Approval

The approval of the Adjournment Proposal requires the affirmative vote of the majority of the votes cast by stockholders represented in person or by proxy at the Special Meeting. Accordingly, if a valid quorum is otherwise established, a stockholder’s failure to vote and broker non-votes will have no effect on the outcome of any vote on