UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On March 25, 2026, the Company held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, a total of 5,077,821 shares of common stock were present by remote communication or represented by proxy at the meeting, representing approximately 88.46% of the Company’s outstanding common stock as of the February 11, 2026 record date. The following are the voting results for the proposals considered and voted upon at the Special Meeting, which was described in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on February 23, 2026.
| 1. | Extension Proposal: A proposal to amend the Company’s amended and restated articles of incorporation to extend the date by which the Company must consummate a business combination or, if it fails to do so, cease its operations and redeem or repurchase 100% of the shares of the Company’s common stock issued in the Company’s initial public offering, from March 28, 2026 until September 28, 2026 (the “Extension”). |
| Votes FOR | Votes AGAINST | Votes ABSTAINED | Broker Non-Votes | |||
| 5,007,821 | 70,000 | 0 | 0 |
Based on the foregoing votes, the proposal was approved.
| 2. | Trust Amendment Proposal: A proposal to amend the Investment Management Trust Agreement, dated March 25, 2024, (the “Trust Agreement”), by and between the Company and Continental Stock Transfer & Company (the “Trustee”), pursuant to an amendment to the Trust Agreement in the form set forth in Annex B of the proxy statement, to authorize the Extension and its implementation by the Company. |
| Votes FOR | Votes AGAINST | Votes ABSTAINED | Broker Non-Votes | |||
| 5,007,821 | 70,000 | 0 | 0 |
Based on the foregoing votes, the proposal was approved.
| 3. | Adjournment Proposal: A proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the forgoing proposals. |
| Votes FOR | Votes AGAINST | Votes ABSTAINED | Broker Non-Votes | |||
| 5,007,821 | 70,000 | 0 | 0 |
Based on the foregoing votes, the proposal was approved.
Stockholders holding 731,741 shares of the Company’s shares of common stock exercised their right to redeem their shares for cash at an approximate price of $10.78 per share of the funds in the Trust Account. As a result, approximately $7.9 million will be removed from the Trust Account to pay such holders, leaving approximately $8.2 million remaining in the Trust Account. This amount is subject to change to account for the payment of tax withdrawals.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Exhibit Description | |
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IB Acquisition Corp. | ||
| Date: March 26, 2026 | By: | /s/ Al Lopez |
| Al Lopez | ||
| Chief Executive Officer | ||