IB ACQUISITION CORP IBACR
RIGHT 09/28/2025 · Right · CUSIP 44934N116
- SectorHealth care
- IndustryServices-Commercial Physical & Biological Research
- HeadquartersBoca Raton, FL
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.08.
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 30 |
| Q3 2024 | 31 |
| Q4 2024 | 33 |
| Q1 2025 | 32 |
| Q2 2025 | 32 |
| Q3 2025 | 30 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 6 | 7 |
| Q4 2024 | 6 | 10 |
| Q1 2025 | 4 | 5 |
| Q2 2025 | 5 | 5 |
| Q3 2025 | 5 | 9 |
Biggest buyers
| Meteora Capital, LLC | Added | +269.6k |
| FLOW TRADERS U.S. LLC | Added | +5.1k |
| TWO SIGMA SECURITIES, LLC | Added | +2.0k |
| UBS Group AG | New | +84 |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | +25 |
Biggest sellers
| TORONTO DOMINION BANK | Reduced | -199.2k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | Sold out | -171.3k |
| K2 PRINCIPAL FUND, L.P. | Sold out | -110.2k |
| HEIGHTS CAPITAL MANAGEMENT, INC | Reduced | -65.2k |
| Bulldog Investors, LLP | Reduced | -10.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -8.9k |
| Wealthspring Capital LLC | Reduced | -6.5k |
| CONDOR CAPITAL MANAGEMENT | Reduced | -2.7k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -20 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| METEORA CAPITAL, LLC 13G · institution new · filed 2025-02-14 | 5.1% |
Fell to 5% or below in the last year: TD SECURITIES (USA) LLC (0.0%, 2025-11-14)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Absolute Return Master Account, L.P. | Sold | —8.6k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Apex MS Master Account, L.P. | Sold | —6.4k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Arbitrage MA Offshore Fund, L.P. | Sold | —228 shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Corporate Arbitrage Master Account, L.P. | Sold | —5.4k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR DELTA Master Account, L.P. | Sold | —488 shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Diversified Arbitrage Fund | Sold | —12.1k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR Global Alternative Investment Offshore Fund, L.P. | Sold | —29.7k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR TA Global Alpha Fund, L.P. | Sold | —5.7k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR TA Legacy Fund, LLC | Sold | —2.2k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Apex UCITS Fund | Sold | —1.3k shares |
| 2025-09-30 | AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund | Sold | —349 shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Absolute Return Master Account, L.P. | Sold | —14.6k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Apex MS Master Account, L.P. | Sold | —10.8k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Arbitrage MA Offshore Fund, L.P. | Sold | —384 shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Corporate Arbitrage Master Account, L.P. | Sold | —9.1k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR DELTA Master Account, L.P. | Sold | —820 shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Diversified Arbitrage Fund | Sold | —20.4k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR Global Alternative Investment Offshore Fund, L.P. | Sold | —50.0k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR TA Global Alpha Fund, L.P. | Sold | —9.6k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR TA Legacy Fund, LLC | Sold | —3.8k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Apex UCITS Fund | Sold | —2.3k shares |
| 2025-09-29 | AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund | Sold | —589 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Wealthspring Capital LLC 0.02% of their portfolio | 929.9k $74.4k | Reduced -6.5k |
| Meteora Capital, LLC 0.01% of their portfolio | 817.5k $65.4k | Added +269.6k |
| AQR Arbitrage LLC 0.00% of their portfolio | 741.6k $59.3k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 615.7k $49.3k | Reduced -20 |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 500.0k $41.9k | Unchanged |
| Mint Tower Capital Management B.V. 0.01% of their portfolio | 500.0k $42.0k | Unchanged |
| Bulldog Investors, LLP 0.01% of their portfolio | 466.2k $37.3k | Reduced -10.7k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 462.8k $39.1k | Added +25 |
| ATW SPAC MANAGEMENT LLC 0.05% of their portfolio | 462.8k $38.7k | Unchanged |
| Decagon Asset Management LLP 0.02% of their portfolio | 459.4k $38.5k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 408.3k $34.3k | Reduced -199.2k |
| Westchester Capital Management, LLC 0.00% of their portfolio | 349.0k $27.9k | Unchanged |
| Centiva Capital, LP 0.00% of their portfolio | 250.0k $20.0k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 200.0k $16.7k | Unchanged |
| Yakira Capital Management, Inc. 0.01% of their portfolio | 200.0k $16.7k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 197.6k $16.7k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 185.7k $15.5k | First filing |
| HEIGHTS CAPITAL MANAGEMENT, INC 0.00% of their portfolio | 180.0k $14.4k | Reduced -65.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 150.0k $12.0k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 150.0k $12.0k | Unchanged |
| WEXFORD CAPITAL LP 0.00% of their portfolio | 139.9k $11.7k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 100.0k $8.4k | Unchanged |
| FIFTH LANE CAPITAL, LP 0.01% of their portfolio | 100.0k $8.0k | Unchanged |
| Harraden Circle Investments, LLC 0.00% of their portfolio | 100.0k $8.4k | Unchanged |
| SkyView Investment Advisors, LLC 0.00% of their portfolio | 75.0k $6.0k | Unchanged |
| FLOW TRADERS U.S. LLC 0.00% of their portfolio | 48.7k $4.0k | Added +5.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 38.6k $3.1k | Reduced -8.9k |
| CONDOR CAPITAL MANAGEMENT 0.00% of their portfolio | 21.7k $1.7k | Reduced -2.7k |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 14.0k $1.1k | Added +2.0k |
| UBS Group AG 0.00% of their portfolio | 84 $7 | New |