IB Acquisition Corp.
For the period ended Sep 30, 2025. Filed Dec 29, 2025.
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FY2025 · Filed Dec 29, 2025
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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Balance Sheets as of September 30, 2025 and 2024
BALANCE SHEETS
| September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash | $428,700 | $822,799 |
| Cash – restricted | 787,365 | — |
| Prepaid expenses | 27,833 | 36,216 |
| Short-term prepaid insurance | — | 339,500 |
| Total current assets | 1,243,898 | 1,198,515 |
| Cash and investments held in Trust Account | 15,890,194 | 118,601,873 |
| Total Assets | $17,134,092 | $119,800,388 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $73,757 | $86,718 |
| Income taxes payable | 694,245 | 635,512 |
| Excise taxes payable | 1,061,310 | — |
| Due to Sponsor | 2,788 | — |
| Total current liabilities | 1,832,100 | 722,230 |
| Total Liabilities | 1,832,100 | 722,230 |
| 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 | 15,983,315 | 117,966,361 |
| Stockholders’ (Deficit) Equity | ||
| 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 |
| Additional paid-in capital | — | — |
| Retained Earnings (Accumulated Deficit) | (681,748) | 1,111,372 |
| Total Stockholders’ (Deficit) Equity | (681,323) | 1,111,797 |
| Total Liabilities and Stockholders’ (Deficit) Equity | $17,134,092 | $119,800,388 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.