IB Acquisition Extends Business Combination Deadline to September 2026
IB Acquisition Corp. (IBAC) has extended its SPAC merger deadline to September 28, 2026, after receiving stockholder approval. The amendment to its Investment Management Trust Agreement also updates termination provisions and clarifies that trust funds will not be used for dissolution expenses. Additionally, shareholders approved changes to the company's articles of incorporation to align the new deadline and tighten rules regarding the release of trust funds and public shareholder rights.