On March 25, 2026, IB Acquisition Corp. held a special meeting of stockholders where a significant proposal was approved. The proposal involved amending the company's articles of incorporation to extend the deadline for completing a business combination from March 28, 2026, to September 28, 2026. This extension allows the company additional time to identify and finalize a suitable business combination, which is crucial for its operational strategy. During the meeting, 5,077,821 shares of common stock were represented, accounting for approximately 88.46% of the outstanding shares as of the record date of February 11, 2026. The voting results showed overwhelming support for the extension, with 5,007,821 votes in favor and only 70,000 against. This decision is expected to have a positive impact on the company's future prospects as it seeks to secure a viable business opportunity. Additionally, stockholders holding 731,741 shares opted to redeem their shares for cash at an approximate price of $10.78 per share, resulting in approximately $7.9 million being withdrawn from the Trust Account, leaving about $8.2 million remaining. This financial maneuver indicates a strategic approach to liquidity management as the company navigates its next steps.

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