Minichart Deals and strategy
IB Acquisition Swings to Quarterly Loss After $7.9M Redemptions
IB Acquisition Corp. (NASDAQ: IBAC) reported a significant net loss of $567,166 for the third fiscal quarter ended June 30, 2026, a reversal from a profit in the prior year, primarily due to increased administrative expenses and reduced interest income from its trust account. The company also saw substantial share redemptions totaling $7.9 million, drastically lowering its trust …