IBAC
IB Acquisition Corp. Common StockFinancial Services·Shell Companies
$10.75
$54M market cap
Revenue
$0.0M
Free Cash Flow
$-1.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
IB Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the United States. IB Acquisition Corp. was incorporated in 2020 and is based in Boca Raton, Florida.
2-Year Price History
$10.79+8.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q2 | 0.0 | -0.8 | -0.8 | -0.6 | -0.3 | -0.3 | -0.0 | 0.0 | 0.0 | 1.4 | -- | -- | -- |
| Act | 2026-Q1 | 0.0 | -0.2 | -0.2 | -0.1 | -1.1 | -1.1 | -0.0 | 0.2 | 0.0 | 5.7 | -14.9% | -- | -- |
| Act | 2025-Q4 | 0.0 | 1.0 | -0.2 | 0.9 | -0.1 | -0.1 | -0.0 | 0.4 | 0.0 | 5.7 | -19.1% | -- | -- |
Valuation & Metrics
Market Stats
Price$10.75
Market Cap$54M
Enterprise Value$54M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-2.6%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$0.2M
Free Cash Flow$-1.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-17.0%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover2.3
Change (vs Prior)-21.9%
Need at least 2 settlement dates for chart
Employees
Headcount2
Revenue / Employee$0
Gross Profit / Employee$0
Cash Runway
0.0months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
1.3%(-187.6% YoY)
5 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.4%(-0.2% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| HRT FINANCIAL LP | $393K | $10.50 | −$22K | +$393K | -0.6% | $39.46B |
| FLOW TRADERS U.S. LLC | $256K | $10.25 | −$12K | +$56K | +1.7% | $3.16B |
| JANE STREET GROUP, LLCMM | $217K | $10.54 | +$80K | +$217K | -0.1% | $92.10B |
| Clear Street Group Inc. | $160K | $10.52 | −$889K | +$160K | -7.5% | $17.82B |
| MORGAN STANLEY | $0 | $10.45 | −$0 | +$0 | -0.3% | $1.65T |
| UBS Group AG | $0 | $10.17 | −$68K | −$110K | -0.3% | $562.11B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-1.23%
avg per quarter
Holders (ex-self)
-1.23%
excl. this stock
Buyers (this Q)
+0.00%
1 buyers · $0.00B in
Sellers (this Q)
-6.85%
5 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-25.7%
how holders react when this stock falls
On quiet Qs
-13.9%
−10% to +10% baseline
On rallies (+10%+)
-11.6%
how they react when this stock rises
Holders' portfolio flow this Q
+14.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.6%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
AQR Arbitrage LLCexited−$7.2MWOLVERINE ASSET MANAGEMENT LLCexited−$1.5MClear Street Group Inc.−$889Kα-7.5Crossingbridge Advisors, LLCexited−$735KVirtu Financial LLCexited−$444KGOLDMAN SACHS GROUP INCexited−$293KABC ARBITRAGE SAexited−$210KSUSQUEHANNA INTERNATIONAL GROUP, LLPexited−$191KUBS Group AG−$68Kα-0.3HRT FINANCIAL LP−$22Kα-0.6
Top-5 holders · 100.0%
HRT FINANCIAL LP--
FLOW TRADERS U.S. LLC--
JANE STREET GROUP, LLC--
Clear Street Group Inc.--
MORGAN STANLEY--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Karpus Management, Inc.—AQR Arbitrage LLC689KTORONTO DOMINION BANK—WOLVERINE ASSET MANAGEMENT LLC140KWealthspring Capital LLC—Schechter Investment Advisors, LLC—Mint Tower Capital Management B.V.—Crossingbridge Advisors, LLC70KD. E. Shaw & Co., Inc.—MANGROVE PARTNERS—
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$8.12M
7 txns · 1 insider · 764,619 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-23 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 335,000 | $10.80 | $3.62M | $12K |
| 2026-03-20 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 4,619 | $10.75 | $50K | $0 |
| 2025-10-09 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 195,806 | $10.44 | $2.04M | $23K |
| 2025-10-02 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 4,400 | $10.50 | $46K | $29K |
| 2025-10-01 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 29,821 | $10.50 | $313K | $29K |
| 2025-09-30 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 72,664 | $10.51 | $764K | $30K |
| 2025-09-29 | SELL | AQR Capital Management Holdings, LLC | 10 percent owner | 122,309 | $10.50 | $1.28M | $33K |
Order Flow (FINRA, ~3w lag)
42.3%retail+34.3pp
2.8%dark-2.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
IB Acquisition Corp: A Post-Redemption Zombie SPAC With Terminal Liquidity Deficits
Overall Risk
9/10
Fraud
3/10
Dilution
10/10
Insolvency
9/10
Earnings Overstated
4/10
Hidden Liabilities
6/10
Legal
4/10
Audit Warnings
9/10
Hidden Upside
1/10
Contextually Acceptable
2/10