Home / Going-concern warnings / IB Acquisition Corp.
Filed 2026-05-15 路 Form 10-Q 路 Accession 0001493152-26-023743 nano
Price before filing: $10.8 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $15.5M (2026-05-15) 路 Latest: $8.2M (2026-10-16)
| Window | IBAC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | +0.9% | -0.9% | 2026-06-15 |
| 90 days | +0.0% | +4.2% | -4.2% | 2026-08-13 |
| 180 days | pending | pending | until 2026-11-11 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $3.7M (11 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-20 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 4,619 | $10.75 | $50K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 138,005 | $10.80 | $1.5M | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 56,145 | $10.80 | $606K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 40,144 | $10.80 | $434K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 29,888 | $10.80 | $323K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 26,410 | $10.80 | $285K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 25,087 | $10.80 | $271K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 10,377 | $10.80 | $112K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 6,262 | $10.80 | $68K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 1,623 | $10.80 | $18K | no | Form 4 |
| 2026-03-23 | AQR Capital Management Holdings, LLC (+2 joint filers) 10% owner | Sale | 1,059 | $10.80 | $11K | no | Form 4 |
| 2026-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-14 to 2026-06-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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