IB Acquisition Corp. (NASDAQ: IBAC) is a special purpose acquisition company incorporated as a Cayman Islands exempted company. The company completed its initial public offering in April 2021, issuing units at $10.00 per unit and raising net proceeds of approximately $200 million. IB Acquisition was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily in North America and select international markets.
Headquartered in New York City, IB Acquisition benefits from a management team with extensive experience in investment banking, private equity and corporate finance. The sponsor group is led by co‐founders who have previously overseen underwriting and advisory assignments at leading global financial institutions. The executive team and board of directors include professionals who have held senior roles at investment banks, technology firms and healthcare enterprises.
Since its IPO, IB Acquisition has focused on identifying target companies in sectors such as financial technology, healthcare services, industrial manufacturing and consumer products. The company seeks to leverage its sponsors’ deal‐sourcing networks and operational expertise to structure transactions that deliver long-term value for its public shareholders. IB Acquisition maintains an active pipeline of potential transactions and engages advisers with deep industry knowledge to support due diligence and integration planning.
IB Acquisition operates with a disciplined investment mandate, emphasizing businesses with strong cash flow potential, defensible market positions and experienced management teams. The company holds its trust account funds in U.S. Treasury securities until completion of a business combination, and it may extend its search period or seek shareholder approval to modify its timeline. Through its blank-check structure, IB Acquisition offers investors the opportunity to participate in growth-oriented private companies as they access public equity markets.
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