Company: IBACR
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001641172-25-026995
Chunk: 29

Company: IB Acquisition Corp.
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 29
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ended and Restated Articles of Incorporation of the Corporation.            |

| 3. | This                                                                                           
 Amendment was duly adopted by the affirmative vote of the holders of 65% of the stock entitled 
 to vote at a meeting of stockholders in accordance with the provisions of Section 78.390       
 of the Nevada Revised Statutes, as amended from time to time (the “NRS”).                      |

| 4. | The                                                                                             
 text of Section 9.1(b) of Article IX is hereby amended and restated to read in full as follows: |

(b) Immediately after the Offering, a certain amount of the net offering proceeds received by the Corporation in the Offering (including the proceeds of any exercise of the underwriters’ over-allotment option) and certain other amounts specified in the Corporation’s registration statement on Form S-1, as initially filed with the U.S. Securities and Exchange Commission (the “ SEC”) on November 17, 2023, as amended (the “ Registration Statement”), shall be deposited in a trust account (the “ Trust Account”), established for the benefit of the Public Stockholders (as defined below) pursuant to a trust agreement described in the Registration Statement (the “ Trust Agreement”). Except for the withdrawal of interest to pay franchise and income taxes (less up to $100,000 interest to pay dissolution expenses), none of the funds held in the Trust Account (including the interest earned on the funds held in the Trust Account) will be released from the Trust Account until the earliest to occur of (i) the completion of the initial Business Combination, (ii) the redemption of 100% of the Offering Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by September 28, 2025 (or, if the Nevada Secretary of State, Commercial Recordings Division shall not be open for business (including filing of corporate documents) on such date the next date upon which the Nevada Secretary of State, Commercial Recordings Division shall be open), which may be extended by the Corporation monthly for six (6) additional months (ultimately until March 28, 2026) in the sole discretion of the Corporation by the Corporation (the “ Deadline Date”)) and (iii) the redemption of shares in connection with a vote seeking amend such provisions of this Amended and Restated Certificate as described in Section 9.7. Holders of shares of Common Stock included as part of the units sold in the Offering (the “ Offering Shares”) (