AQR Affiliates Report 16% Stake in IB Acquisition Corp.

Rhea-AI Filing Summary

AQR Capital Management and affiliates report beneficial ownership of 918,673 shares of common stock in IB Acquisition Corp., representing 16% of the class. The filing, a Schedule 13G/A, shows the stake is held with shared voting and shared dispositive power across AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC. Each reporting person lists 0 shares of sole voting or sole dispositive power and 918,673 shares of shared voting and shared dispositive power.

The parties state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. Signatures by an authorized signatory (Henry Parkin) appear with dates of 10/07/2025, and the event date triggering the filing is 09/30/2025. The reporting entities are organized in the United States with a principal office at One Greenwich Plaza, Greenwich, CT.

Positive

• Material disclosure: The filing provides clear, quantified ownership of 918,673 shares representing 16% of the class
• Passive intent stated: The reporting persons certify holdings are in the ordinary course of business and not for changing control

Negative

• Significant concentration: A single affiliated group holds 16% of the class, which could influence major votes in low‑turnout situations
• Shared voting power may obscure which affiliate directs voting, creating potential investor uncertainty about decision‑making authority

Insights

Equity Governance Analyst

AQR and affiliates hold a material 16% non‑controlling stake with shared control.

The group reports 918,673 shares and explicitly discloses shared voting and shared dispositive power rather than sole control, which indicates coordinated influence without unilateral control. This structure often reflects pooled client or fund holdings under advisory arrangements.

Risks depend on whether this position is passive or will become active; the filing states the shares are held in the ordinary course and not to change control. Monitor any future amendments or a Schedule 13D that would indicate a shift toward an activist or control-seeking stance within a typical near-term window of 30–90 days.

Investor Relations Specialist

The disclosure is material to shareholders because a single group now holds 16% of the class.

A 16% stake is large enough to affect shareholder votes on significant corporate actions, especially in low‑turnout situations, yet the filing's classification as a Schedule 13G/A suggests current intent is passive. That distinction reduces immediate governance risk but increases attention on future filings or proxy solicitations.

Watch for any public statements, proxy filings, or subsequent ownership updates in the next two reporting cycles that clarify voting intentions or nominee proposals that could influence board composition.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

IB Acquisition Corp.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

44934N108

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 44934N108

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 918,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 918,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

918,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 44934N108

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 918,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 918,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

918,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 44934N108

1

Names of Reporting Persons

AQR Arbitrage, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 918,673.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 918,673.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

918,673.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IB Acquisition Corp.
(b)	Address of issuer's principal executive offices: 2500 N MILITARY TRAIL, SUITE 160-A, BOCA RATON, FLORIDA 33431
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC AQR Arbitrage, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES AQR Arbitrage, LLC - UNITED STATES
(d)	Title of class of securities: Common stock, par value $0.0001 per share
(e)	CUSIP No.: 44934N108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 918,673
(b)	Percent of class: 16 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 918,673 AQR Capital Management Holdings, LLC - 918,673 AQR Arbitrage, LLC - 918,673
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 918,673 AQR Capital Management Holdings, LLC - 918,673 AQR Arbitrage, LLC - 918,673
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	10/07/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	10/07/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	10/07/2025

Exhibit Information

AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC.

FAQ

What stake does AQR report in IB Acquisition Corp. (IBAC)?

AQR reports beneficial ownership of 918,673 shares, equal to 16% of the outstanding common stock.

Do the AQR entities claim control of IB Acquisition Corp. (IBAC)?

No. The filing indicates shared voting and shared dispositive power and the parties certify the position is held in the ordinary course of business, not to change control.

Which AQR entities filed the Schedule 13G/A for IBAC?

The filing lists AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC.

When was the Schedule 13G/A signed for IB Acquisition Corp. (IBAC)?

Signatures by the authorized signatory appear with dates of 10/07/2025, and the event date requiring the filing is 09/30/2025.

Where is the reporting firm's principal business office?

The principal business office is listed as One Greenwich Plaza, Suite 130, Greenwich, CT 06830.