IBAC Ib Acquisition Corp. - 8-K

Item
5.07

Submission
of Matters to a Vote of Security Holders.

On
March 25, 2026, the Company held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, a total of 5,077,821 shares of common
stock were present by remote communication or represented by proxy at the meeting, representing approximately 88.46% of the
Company’s outstanding common stock as of the February 11, 2026 record date. The following are the voting results for the
proposals considered and voted upon at the Special Meeting, which was described in the Company’s definitive Proxy Statement on
Schedule 14A filed with the Securities and Exchange Commission on February 23, 2026.

1.

Extension
Proposal : A proposal to amend the Company’s amended and restated articles of incorporation to extend the date by which
the Company must consummate a business combination or, if it fails to do so, cease its operations and redeem or repurchase 100% of
the shares of the Company’s common stock issued in the Company’s initial public offering, from March 28, 2026 until September
28, 2026 (the “Extension”).

Votes FOR

Votes AGAINST

Votes ABSTAINED

Broker Non-Votes

5,007,821

70,000

0

0

Based
on the foregoing votes, the proposal was approved.

2.

Trust
Amendment Proposal : A proposal to amend the Investment Management Trust Agreement, dated March 25, 2024, (the “Trust Agreement”),
by and between the Company and Continental Stock Transfer & Company (the “Trustee”), pursuant to an amendment to
the Trust Agreement in the form set forth in Annex B of the proxy statement, to authorize the Extension and its implementation by
the Company.

Votes FOR

Votes AGAINST

Votes ABSTAINED

Broker Non-Votes

5,007,821

70,000

0

0

Based
on the foregoing votes, the proposal was approved.

3.

Adjournment
Proposal : A proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further
solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval
of the forgoing proposals.

Votes FOR

Votes AGAINST

Votes ABSTAINED

Broker Non-Votes

5,007,821

70,000

0

0

Based
on the foregoing votes, the proposal was approved.

Stockholders
holding 731,741 shares of the Company’s shares of common stock exercised their right to redeem their shares for cash at an approximate
price of $10.78 per share of the funds in the Trust Account. As a result, approximately $7.9 million will be removed from the Trust Account
to pay such holders, leaving approximately $8.2 million remaining in the Trust Account. This amount is subject to change to account for
the payment of tax withdrawals.

Item
9.01

Financial
Statements and Exhibits

(d)
Exhibits

Exhibit
No.

Exhibit
Description

104

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