IB Acquisition Corp
For the period ended Sep 30, 2024. Filed Dec 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Operations
| For the Year Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| General and administrative expenses | $523,974 | $6,844 |
| Loss from operations | (523,974) | (6,844) |
| Other income: | ||
| Interest earned on marketable securities held in Trust Account | 3,026,873 | — |
| Other income | 3,026,873 | — |
| Income (Loss) before provision for income taxes | 2,502,899 | (6,844) |
| Provision for income taxes | (635,512) | — |
| Net income (loss) | $1,867,387 | $(6,844) |
| Basic weighted average common stock outstanding, redeemable | 5,860,274 | — |
| Basic net income per common stock, redeemable | $0.20 | $— |
| Diluted weighted average common stock outstanding, redeemable | 5,860,274 | — |
| Diluted net income per common stock, redeemable | $0.19 | $— |
| Basic weighted average common stock outstanding, non-redeemable(1) | 3,548,500 | 2,820,513 |
| Basic net income (loss) per common stock, non-redeemable | $0.20 | $(0.00) |
| Diluted weighted average common stock outstanding, non-redeemable(1) | 3,755,982 | 2,820,513 |
| Diluted net income (loss) per common stock, non-redeemable | $0.19 | $(0.00) |
| (1) | Excluded an aggregate of up to 423,077 shares subject to possible forfeiture at September 30, 2023. |
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