IBAC: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, IBAC has $8,477,425 in assets. $1,839,658 in debts. $4,634 in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash restricted	0	-	787,365	-
Cash	4,634	165,484	428,700	486,018
Prepaid expenses	89,157	21,018	27,833	52,332
Short-term prepaid insurance	57,501	114,346	-	84,875
Prepaid income taxes	137,139	60,930	-	-
Total current assets	288,431	361,778	1,243,898	623,225
Cash and investments held in trust account	8,188,994	16,043,483	15,890,194	121,553,746
Total assets	8,477,425	16,405,261	17,134,092	122,176,971

Accounts payable and accrued expenses	686,694	98,073	73,757	20,776
Income taxes payable	-	-	694,245	525,445
Excise taxes payable	1,140,176	1,061,310	1,061,310	-
Due to sponsor	12,788	2,788	2,788	2,788
Total current liabilities	1,839,658	1,162,171	1,832,100	549,009
Total liabilities	1,839,658	1,162,171	1,832,100	549,009
Common stock subject to possible redemption, 759,139 and 1,490,880 shares at redemption value of 10.97 and 10.72 per share as of march 31, 2026 and september 30, 2025, respectively	8,326,133	16,104,413	15,983,315	121,028,301
Common stock, 0.0001 par value, 100,000,000 shares authorized, 4,249,090 shares issued and outstanding as of march 31, 2026 and september 30, 2025	425	425	425	425
Additional paid-in capital	-	-	-	0
Accumulated deficit	-1,688,791	-861,748	-681,748	599,236
Total stockholders deficit	-1,688,366	-861,323	-681,323	599,661
Total liabilities and stockholders deficit	8,477,425	16,405,261	17,134,092	122,176,971

Unit: Dollar. Numbers labeled with * are estimated quarterly values.