Company: IBACR
Filing Date: 2025-09-10
Form Type: DEFR14A
Source: 0001641172-25-027042
Chunk: 15

Company: IB Acquisition Corp.
Filing Date: 2025-09-10
Form: DEFR14A
Chunk 15
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 Nasdaq may delist our securities from trading on its exchange.

| 10 |

If Nasdaq delists any of our securities from trading on its exchange and we are not able to list such securities on another national securities exchange, we expect such securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

| ● | a                                                             
 limited availability of market quotations for our securities; |

| ● | reduced                       
 liquidity for our securities; |

| ● | a                                                                                              
 determination that our common stock is a “penny stock” which will require brokers              
 trading in our common stock to adhere to more stringent rules and possibly result in a reduced 
 level of trading activity in the secondary trading market for our securities;                  |

| ● | a                                                
 limited amount of news and analyst coverage; and |

| ● | a                                                                                              
 decreased ability to issue additional securities or obtain additional financing in the future. |

The National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as “covered securities.” Our common stock qualifies as covered securities under such statute. Although the states are preempted from regulating the sale of covered securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by special purpose acquisition companies, certain state securities regulators view blank check companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies in their states. Further, if we were no longer listed on Nasdaq, our securities would not qualify as covered securities under such statute and we would be subject to regulation in each state in which we offer our securities.

In the event we are unable to complete an initial business combination prior to March 25, 2027, Nasdaq will delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.

Pursuant to Nasdaq’s rules, we may be granted a grace period to complete our initial business combination by March 25, 2027 after we fail to complete an initial business combination within 18 months of the effectiveness