Company: IBACR
Filing Date: 2025-09-24
Form Type: 8-K
Source: 0001493152-25-014810
Chunk: 1

Company: IB Acquisition Corp.
Filing Date: 2025-09-24
Form: 8-K
Item: Item 5.03
Chunk 1
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Item      Amendments                                                      

As
approved by the Company’s stockholders at the Special Meeting, the Company adopted a First Amendment to its Amended and Restated
Articles of Incorporation (the “ Extension Amendment”). The Extension Amendment, among other things, (i) extends the date
by which the Company must consummate its initial business combination to March 28, 2026 or such later date as may be approved by the
Company’s stockholders in accordance with its amended and restated articles of incorporation; (ii) provides that, prior to the
earliest of the completion of a business combination, the redemption of 100% of the Offering Shares if the Company is unable to complete
its initial Business Combination by March 28, 2026, and the redemption of shares in connection with a vote seeking to amend any provisions
of the Company’s Amended and Restated Articles relating to stockholders’ rights or any pre-initial Business Combination activity,
funds in the Company’s trust account will not be released, other than interest to pay franchise and income taxes; (iii) sets forth
the redemption and liquidation procedures if the Company does not consummate a business combination by the March 28, 2026; and (iv) provides
public stockholders with the right to redeem their shares in connection with any amendment that modifies the substance or timing of the
Company’s obligation to redeem 100% of the public shares if it has not consummated a business combination by March 28, 2026, or
with respect to other material pre-business combination provisions, subject to the applicable redemption limitation.

The
foregoing description of the Extension Amendment is a summary only and is qualified in its entirety by reference to the full text of
the First Amendment to the Amended and Restated Articles of Incorporation, which is filed as Exhibit 3.1 to this Current Report on Form
8-K and incorporated by reference herein.