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.
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Statements of Changes in Stockholders’ Equity (Deficit)
FOR THE YEAR ENDED SEPTEMBER 30, 2024 AND 2023
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ Equity | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | (Deficit) | |
| Balance, September 30, 2022 | 3,243,590 | $324 | $2,676 | $(1,590) | $1,410 |
| Net loss | — | — | — | (6,844) | (6,844) |
| Balance — September 30, 2023 (1) | 3,243,590 | $324 | $2,676 | $(8,434) | $(5,434) |
| Sale of 610,500 private placement units | 610,500 | 61 | 6,104,939 | — | 6,105,000 |
| Fair value of rights included in public units | — | — | 2,415,000 | — | 2,415,000 |
| Allocated value of transaction costs to common stock | — | — | (184,528) | — | (184,528) |
| Issuance of 395,000 representative shares | 395,000 | 40 | 3,867,010 | — | 3,867,050 |
| Remeasurement of Common Stock subject to possible redemption | — | — | (12,205,097) | (747,581) | (12,952,678) |
| Net income | — | — | — | 1,867,387 | 1,867,387 |
| Balance — September 30, 2024 | 4,249,090 | $425 | $— | $1,111,372 | $1,111,797 |
| (1) | An aggregate of up to 423,077 shares subject to possible forfeiture at the closing of proposed public offering. |
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