I
IB Acquisition Corp.
IBACCIK 0001998781NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksNevadaFY ends Sep 30
Period
FY 2025
Revenue
—
Net Income
$3.42M
Total Assets
$17.13M
Equity
$-681.3K
Shares Out
5.74M
Op. Cash Flow
$-1.32M
Business
IB Acquisition Corp. is a blank check company formed to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses. The company provides a public acquisition vehicle and related transaction services, including sourcing targets, structuring and executing business combinations, and facilitating liquidity events and access to public capital for target owners. Its operations are organized around target search and transaction execution and post-combination advisory and governance support. It intends to pursue high-growth targets across North America, Europe and Asia through negotiated transactions and public markets.
Summary from filing dated 2025-12-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 |
|---|---|---|---|---|
| General and administrative expenses | 748,908 | 523,974 | 6,844 | |
| Loss from operations | −748,908 | −523,974 | −6,844 | |
| Interest and dividends earned on cash and investments held in Trust Account | 5 | 3 | — | |
| Other income | 5 | 3 | — | |
| Income before provision for income taxes | 4 | 3 | −6,844 | |
| Provision for income taxes | −965,635 | −635,512 | — | |
| Net income | 3 | 2 | −6,844 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|
| Cash | 428,700 | 822,799 | 52,553 | — | |
| Cash restricted | 787,365 | — | — | — | |
| Prepaid expenses | 27,833 | 36,216 | — | — | |
| Short-term prepaid insurance | — | 339,500 | — | — | |
| Total current assets | 1 | 1 | 52,553 | — | |
| Cash and investments held in Trust Account | 16 | 119 | — | — | |
| Total Assets | 17 | 120 | 52,553 | — | |
| Accounts payable and accrued expenses | 73,757 | 86,718 | 7,987 | — | |
| Income taxes payable | 694,245 | 635,512 | — | — | |
| Excise taxes payable | 1 | — | — | — | |
| Due to Sponsor | 2,788 | — | — | — | |
| Total current liabilities | 2 | 722,230 | 57,987 | — | |
| Total Liabilities | 2 | 722,230 | 57,987 | — | |
| Commitments and contingencies (Note 6) | — | — | — | — | |
| Common stock subject to possible redemption, 1,490,880 and 11,500,000 shares at redemption value of $10.72 and 10.26 per share at September 30, 2025 and 2024, respectively | 16 | 118 | — | — | |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and 2024 | — | — | — | — | |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 4,249,090 shares issued and outstanding as of September 30, 2025 and 2024, respectively | 425 | 425 | 324 | — | |
| Additional paid-in capital | — | — | 2,676 | — | |
| Retained Earnings (Accumulated Deficit) | −681,748 | 1 | −8,434 | — | |
| Total Stockholders (Deficit) Equity | −681,323 | 1 | −5,434 | 1,410 | |
| Total Liabilities and Stockholders (Deficit) Equity | 17 | 120 | 52,553 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 |
|---|---|---|---|---|
| Prepaid expenses | 8,383 | −36,216 | — | |
| Short-term prepaid insurance | 339,500 | −339,500 | — | |
| Due to Sponsor | 2,788 | — | — | |
| Accounts payable and accrued expenses | −12,961 | 78,731 | 6,637 | |
| Income taxes payable | 58,733 | 635,512 | — | |
| Net cash used in operating activities | −1 | −820,959 | −207 | |
| Cash withdrawn from Trust Account to pay income taxes | 2 | — | — | |
| Cash withdrawn from Trust Account in connection with redemption | 106 | — | — | |
| Investment of cash into Trust Account | — | −116 | — | |
| Net cash provided by (used in) investing activities | 108 | −116 | — | |
| Proceeds from sale of units, net of underwriting discounts paid | — | 112 | — | |
| Proceeds from sale of private placement units | — | 6 | — | |
| Proceeds from promissory note | 147,629 | — | — | |
| Repayment of promissory note | −147,629 | — | — | |
| Advances from related party | — | 2 | — | |
| Repayment of advances from related party | — | −2 | — | |
| Payment of offering costs | — | −438,795 | — | |
| Redemptions of common stock | −106 | — | — | |
| Net cash used in financing activities | −106 | 117 | 50,000 | |
| Net Change in Cash and cash equivalents and Restricted Cash | 393,266 | 770,246 | 49,793 | |
| Issuance of representative shares | — | 4 | — | |
| Representative warrants deferred offering cost allocation | — | 81,208 | — | |
| Remeasurement of Common Stock subject to possible redemption | 4 | 13 | — | |
| Excise tax payable attributable to redemption of Common Stock | 1 | — | — |
Filings
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