IB Acquisition Corp. announced that it has received $6.105 million in funding from I-B Good Works 4, LLC

IB Acquisition Corp. announced a private placement of 610,500 units at a price of $10 per unit for gross proceeds of $6,105,000 on March 28, 2024. The transaction included participation from new investor I-B Good Works 4, LLC.

Each unit consists of one share of common stock and one right. Each right entitles the holder to receive one-twentieth of one share of common stock. No underwriting discounts or commissions were paid with respect to such sale.

The issuance of the private placement units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.