IBAC: the balance sheet

MyFinsight

For the year ending 2025-09-30, IBAC has $17,134,092 in assets. $1,832,100 in debts. $428,700 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-09-30
Cash	428,700
Cash restricted	787,365
Prepaid expenses	27,833
Total current assets	1,243,898
Cash and investments held in trust account	15,890,194
Total assets	17,134,092

Accounts payable and accrued expenses	73,757
Income taxes payable	694,245
Excise taxes payable	1,061,310
Due to sponsor	2,788
Total current liabilities	1,832,100
Total liabilities	1,832,100
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
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
Retained earnings (accumulated deficit)	-681,748
Total stockholders (deficit) equity	-681,323
Total liabilities and stockholders (deficit) equity	17,134,092