IB Acquisition

General Information
Business:

We intend to search for a target business with an enterprise value of at least $500 million and a presence in one of the following sectors: FinTech, healthcare and life sciences, sports and entertainment or consumer goods.

Adelmo “Al” Lopez is our chairman and CEO. He is the founder of Alma Coffee, the former president and CEO of Blair Corp., and the former CFO of Dole Fresh Fruit International.

Weixuan (Tracy) Luo, our CFO, is the founding partner of L&L CPAs, PA, a PCAOB registered public accounting firm.

(IB Acquisition Corp. filed its S-1 on Nov. 17, 2023, disclosing terms for its SPAC IPO: 10.0 million units at $10.00 each to raise $100.0 million. Each unit consists of one share of our common stock and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of our common stock upon the consummation of our initial business combination, so you must hold rights in multiples of 10 in order to receive shares for all of your rights upon closing of our initial business combination.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2020
Contact Information
Address 2500 N Military Trail, Suite 160-A, Boca Raton FL 33431
Phone Number (214) 687-0020
Web Address
View Prospectus: IB Acquisition
Financial Information
Market Cap $137.4mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol TBA
Exchange NASDAQ
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers I-Bankers Securities/ IB Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change