IB Acquisition Corp. - IBAC STOCK NEWS

Welcome to our dedicated page for IB Acquisition news (Ticker: IBAC), a resource for investors and traders seeking the latest updates and insights on IB Acquisition stock.

IB Acquisition Corp. is a blank check company operating from Boca Raton, Florida. As a special purpose acquisition company (SPAC), its primary objective is to merge, acquire, or enter into a business combination with one or more businesses. With its management team led by experienced professionals, IB Acquisition Corp. aims to leverage their expertise to identify and partner with companies poised for growth and value creation.

The company is strategically positioned to target industries that show potential for significant returns. Unlike traditional companies, IB Acquisition Corp. does not have its own commercial operations or tangible products. Instead, its value is derived from the successful identification and acquisition of target businesses.

Recent activities have shown their dedication to finding suitable acquisition targets, reflecting their proactive approach in the competitive SPAC market. With a strong financial backbone and a strategic vision, IB Acquisition Corp. is committed to delivering value to its shareholders through meticulous planning and execution of its business combinations.

For more information or updates, the company can be contacted at their Boca Raton office or via their email.

04/26/2024 08:30 AM

News

IB Acquisition Corp. Announces Upcoming Automatic Unit Separation

Rhea-AI Summary

IB Acquisition Corp. announced the upcoming automatic separation of its units on May 1, 2024. The common stock and rights will trade separately on the Nasdaq Global Market with ticker symbols IBAC and IBACR, respectively. Unit holders will receive shares of common stock and rights based on their unit holdings. No fractional shares will be issued, and holders need 20 rights to receive one share of common stock.

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0.11%

IB Acquisition Corp. Announces Closing of $115,000,000 Initial Public Offering, Including Full Exercise of Underwriter Over-Allotment Option

Rhea-AI Summary

IB Acquisition Corp. (NASDAQ: IBACU) successfully closed its initial public offering of 11,500,000 units, including the full exercise of the underwriters' over-allotment option, at $10.00 per unit. The units now trade on the Nasdaq Global Market under the symbol 'IBACU'. Each unit comprises one share of common stock and one right, with the rights expected to be traded separately under symbols 'IBAC' and 'IBACR'. I-Bankers Securities, Inc. and IB Capital served as joint book-running managers.

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-0.1%

IB Acquisition Corp. Announces Pricing of $100,000,000 Initial Public Offering

Rhea-AI Summary

IB Acquisition Corp. announced its initial public offering of 10,000,000 units at $10.00 per unit. The units will trade on Nasdaq under the symbol 'IBACU'. Each unit includes a share of common stock and a right. I-Bankers Securities, Inc. and IB Capital are the joint book-running managers.

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FAQ

What is IB Acquisition Corp.?

IB Acquisition Corp. is a blank check company focused on acquiring or merging with other businesses.

Where is IB Acquisition Corp. located?

IB Acquisition Corp. is located at 1200 N Federal Highway, Suite 215, Boca Raton, FL 33432.

What is a blank check company?

A blank check company, like IB Acquisition Corp., is a firm with no commercial operations, created to raise capital through an IPO for the purpose of acquiring or merging with an existing company.

Who is the contact person for IB Acquisition Corp.?

The contact person for IB Acquisition Corp. is Al Lopez, who can be reached at lopez.al@mac.com or (214) 687-0020.

What is the primary goal of IB Acquisition Corp.?

The primary goal of IB Acquisition Corp. is to identify and acquire businesses that have the potential for growth and value creation.

Does IB Acquisition Corp. have any products or services?

No, as a blank check company, IB Acquisition Corp. does not have its own products or services. It focuses on merging with or acquiring other companies.

How does IB Acquisition Corp. create value for shareholders?

IB Acquisition Corp. creates value by identifying and acquiring companies with significant growth potential, thereby increasing the value of its own shares.

What industries does IB Acquisition Corp. target?

IB Acquisition Corp. targets industries that demonstrate potential for significant returns and growth.

How can I stay updated on IB Acquisition Corp.'s activities?

You can stay updated on IB Acquisition Corp.'s activities by checking their official announcements and contacting their office for more information.

Does IB Acquisition Corp. have a financial backing?

Yes, IB Acquisition Corp. has a strong financial foundation, enabling it to pursue its acquisition goals effectively.

IB Acquisition Corp.

Nasdaq:IBAC

IBAC Rankings

#4014 Ranked by Market Cap

N/A Ranked by Dividends

IBAC Stock Data

Market Cap 157.33M

Float 15.75M

Insiders Ownership 24.68%

Institutions Ownership 3.21%

Short Percent 0.18%

Industry Shell Companies

Sector Financial Services

Country United States of America

City BOCA RATON