IB Acquisition Corp
For the period ended Sep 30, 2024. Filed Dec 26, 2024.
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FY2024 · Filed Dec 26, 2024
IBAC$10.81-0.5%Stored close · as of Nov 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash | $822,799 | $52,553 |
| Prepaid expenses | 36,216 | — |
| Short-term prepaid insurance | 339,500 | — |
| Total current assets | 1,198,515 | 52,553 |
| Marketable securities held in trust account | 118,601,873 | — |
| Total Assets | $119,800,388 | $52,553 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $86,718 | $7,987 |
| Income taxes payable | 635,512 | — |
| Due to Sponsor | — | 50,000 |
| Total current liabilities | 722,230 | 57,987 |
| Total Liabilities | 722,230 | 57,987 |
| Commitments and contingencies (Note 6) | - | - |
| Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.26 and none per share as of September 30, 2024 and 2023, respectively | 117,966,361 | — |
| Stockholders’ Equity (Deficit) | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and 2023 | — | — |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 4,249,090 and 3,243,590 shares issued and outstanding as of September 30, 2024 and 2023(1), respectively | 425 | 324 |
| Additional paid-in capital | — | 2,676 |
| Retained Earnings (Accumulated deficit) | 1,111,372 | (8,434) |
| Total Stockholders’ Equity (Deficit) | 1,111,797 | (5,434) |
| Total Liabilities and Stockholders’ Equity (Deficit) | $119,800,388 | $52,553 |
| (1) | At September 30, 2023, includes an aggregate of up to 423,077 shares subject to possible forfeiture at the closing of initial public offering |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.