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. We will focus our search for an acquisition target in North America, Europe and Asia. 

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.

(Note: IB Acquisition Corp. priced its SPAC IPO on March 25, 2024, in sync with the terms in the prospectus: 10.0 million units at $10.00 each to raise $100.0 million. Each unit consists of one share of common stock and one right. Each right entitles the holder to receive one-twentieth (1/20) of one share of common stock upon the consummation of the initial business combination, so you must hold rights in multiples of 20 in order to receive shares for all of your rights upon closing of our initial business combination.)

(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-twentieth (1/20) 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.)