The latest financial statement is for the quarter ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net (loss) income | -58,902 | 866,365 | 2,549,804 |
| Interest and dividends earned on cash and investments held in trust account | 153,289 | 5,130,712 | 3,875,873 |
| Prepaid expenses | -6,815 | -24,499 | 16,116 |
| Short-term prepaid insurance | 114,346 | -84,875 | -254,625 |
| Due to sponsor | - | 2,788 | - |
| Prepaid income taxes | 60,930 | - | - |
| Due to sponsor | - | - | 2,788 |
| Accounts payable and accrued expenses | 24,316 | 52,981 | -65,942 |
| Long-term prepaid insurance | - | - | 0 |
| Income taxes payable | -694,245 | 168,800 | -110,067 |
| Net cash used in operating activities | -1,050,581 | -57,319 | -1,260,781 |
| Investment of cash into trust account | - | 0 | 0 |
| Cash withdrawn from trust account to pay income taxes | - | -1,711,366 | 924,000 |
| Cash withdrawn from trust account in connection with redemption | - | -106,131,025 | - |
| Repayment of promissory note | - | - | 292,344 |
| Net cash provided by (used in) investing activities | - | 106,918,391 | 924,000 |
| Proceeds from sale of units, net of underwriting discounts paid | - | 0 | 0 |
| Proceeds from promissory note | - | - | 292,344 |
| Proceeds from sale of private placement units | - | 0 | 0 |
| Advances from related party | - | 0 | 0 |
| Repayment of advances from related party | - | 0 | 0 |
| Payment of offering costs | - | 0 | 0 |
| Proceeds from promissory note | - | 147,629 | - |
| Repayment of promissory note | - | 147,629 | - |
| Redemptions of common stock | - | 106,131,025 | - |
| Net cash used in financing activities | - | -106,131,025 | 0 |
| Net change in cash and restricted cash | -1,050,581 | 730,047 | -336,781 |
| Cash and cash equivalents at beginning of period | 1,216,065 | 822,799 | - |
| Cash and cash equivalents at end of period | 165,484 | 1,216,065 | - |
IB Acquisition Corp. (IBACR)
IB Acquisition Corp. (IBACR)