Company: IBACR
Filing Date: 2025-08-29
Form Type: PRE 14A
Source: 0001641172-25-025976
Chunk: 34

Company: IB Acquisition Corp.
Filing Date: 2025-08-29
Form: PRE 14A
Chunk 34
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 and distribute the Property in the Trust Account, including interest not previously released to the Company to pay its taxes, only as directed in the Termination Letter and the other documents referred to therein, or (y) upon the date which is the later of (i) September 28, 2025, or as late as [_______] 28, 2026, if the Company’s Board of Directors extends the time to complete the Business Combination up to [____] for an additional one (1) month each time (for a maximum of [_____] one-month extensions), upon the deposit into the Trust Account of $[____] for each outstanding public share by the Sponsor or its designees on or prior to September 28, 2025 or such other date as may be extended, and (ii) such later date as may be approved by the Company’s stockholders in accordance with the Company’s amended and restated articles of incorporation (the latest of the foregoing, the “Last Date”), the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit Bhereto and distributed to the Public Stockholders as of the Last Date, if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit Band the Property in the Trust Account, including interest not previously released to the Company to pay its taxes (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Stockholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the principal amount per share initially deposited in the Trust Account;”

| Annex B-1 |

| 2. | Exhibit                                                                             
 B of the Trust Agreement is hereby amended and restated in its entirety as follows: |

<div align='center'>[Letterhead of Company]

[Date● ]</div>

Continental Stock Transfer & Trust Company

1 State Street, 30 thFloor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

Re: Trust Account — Termination Letter

Ladies & Gentlemen:

Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between IB Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of March 25, 202