SCHEDULE: Karpus Management Reports Zero Stake in IB Acquisition Corp.

Karpus Management, Inc. has filed an amended Schedule 13G, reporting no beneficial ownership in IB Acquisition Corp. as of October 31, 2025.

Summary

• Karpus Management, Inc., an investment adviser, filed an Amendment No. 1 to Schedule 13G for IB Acquisition Corp.
• The filing indicates that Karpus Management, Inc. beneficially owns 0.00 shares of Common stock, representing 0.00% of the class.
• The event requiring this filing occurred on October 31, 2025.
• Karpus Management, Inc. is controlled by City of London Investment Group plc, but maintains informational barriers ensuring independent voting and investment power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of beneficial ownership, specifically reporting a 0% stake, which is neutral in sentiment regarding the issuer's performance or prospects. It merely updates an institutional investor's position.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding IB Acquisition Corp.'s future performance or operations.

Management Comments

• Karpus Management, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

Schedule 13G filings are routine disclosures by institutional investors holding less than 20% of a company's stock and not seeking to influence control. An amendment reporting 0% ownership typically signifies a complete divestment of shares or a reduction below the 5% reporting threshold by the institutional investor.

Stakeholder Impact

• Shareholders: May note that Karpus Management, Inc. no longer holds a beneficial ownership stake in IB Acquisition Corp., indicating a complete divestment or reduction below the reporting threshold by this institutional investor.

Key Dates

Keywords

IB Acquisition Corp, Karpus Management, Schedule 13G, beneficial ownership, investment adviser, common stock, equity filing