Company: IBACR
Filing Date: 2025-09-24
Form Type: 8-K
Source: 0001493152-25-014810
Chunk: 0

Company: IB Acquisition Corp.
Filing Date: 2025-09-24
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item      Entry                                  

As
approved by the Company’s stockholders at a special meeting held on September 22, 2025 (the “ Special Meeting”) the Company entered into Amendment No. 1 (the “ Trust Amendment”) to the
Investment Management Trust Agreement, dated as of March 25, 2024, with Continental Stock Transfer & Trust Company, as trustee (the
“ Trustee”).

Pursuant
to the Amendment, Section 1(i) of the Trust Agreement was amended and restated to authorize the Company to extend the deadline by which
it must consummate its initial business combination by an additional six (6) months from September 28, 2025 to March 28, 2026. If
the Company fails to complete a business combination by the later of 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, the Trust Account will be liquidated in accordance
with the procedures set forth in the Amendment. The Trust Amendment further provides that no amounts will be deducted from the Trust
Account to pay dissolution expenses.

Additionally,
Exhibit B to the Trust Agreement, relating to the Termination Letter, was amended and restated to reflect the updated date by which the
Company must consummate a business combination.

All
other provisions of the Trust Agreement remain unaffected by the Amendment.

The
foregoing description of the Trust Amendment does not purport to be complete and is qualified in its entirety by reference to the full
text of Amendment No. 1 to the Investment Management Trust Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference
herein.