Vault-13

IB ACQUISITION CORP IBACR

RIGHT 09/28/2025 · Right · CUSIP 44934N116

30 institutional holders -2 vs Q2 2025
8,864,4738.9m shares reported held*
$724.6kreported value*
1 new 4 added 7 reduced 2 sold out net sold ≈ $24.1k (-297.9k shares)

* 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

02040Q2 24: 30Q3 24: 31Q4 24: 33Q1 25: 32Q2 25: 32Q3 25: 3030Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 202430
Q3 202431
Q4 202433
Q1 202532
Q2 202532
Q3 202530

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q3 24: 6 bought or addedQ3 24: 7 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 5 cut or sold outQ1 25Q2 25: 5 bought or addedQ2 25: 5 cut or sold outQ2 25Q3 25: 5 bought or addedQ3 25: 9 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 202467
Q4 2024610
Q1 202545
Q2 202555
Q3 202559

Biggest buyers

Meteora Capital, LLC Added +269,600+269.6k
FLOW TRADERS U.S. LLC Added +5,133+5.1k
TWO SIGMA SECURITIES, LLC Added +2,000+2.0k
UBS Group AG New +84+84
BOOTHBAY FUND MANAGEMENT, LLC Added +25+25

Biggest sellers

TORONTO DOMINION BANK Reduced -199,247-199.2k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Sold out -171,252-171.3k
K2 PRINCIPAL FUND, L.P. Sold out -110,178-110.2k
HEIGHTS CAPITAL MANAGEMENT, INC Reduced -65,207-65.2k
Bulldog Investors, LLP Reduced -10,670-10.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -8,949-8.9k
Wealthspring Capital LLC Reduced -6,500-6.5k
CONDOR CAPITAL MANAGEMENT Reduced -2,685-2.7k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -20-20

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.

HolderStakeChangeShares Last filed
METEORA CAPITAL, LLC 13G · institution new · filed 2025-02-14 5.1% new 543.3k≈ $62.5k 2025-02-14

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.

DateInsiderTradeSharesPrice ValueTheir holding
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Absolute Return Master Account, L.P. Sold 8,649 — —8.6k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Apex MS Master Account, L.P. Sold 6,440 — —6.4k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Arbitrage MA Offshore Fund, L.P. Sold 228 — —228 shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Corporate Arbitrage Master Account, L.P. Sold 5,405 — —5.4k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR DELTA Master Account, L.P. Sold 488 — —488 shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Diversified Arbitrage Fund Sold 12,097 — —12.1k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR Global Alternative Investment Offshore Fund, L.P. Sold 29,734 — —29.7k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR TA Global Alpha Fund, L.P. Sold 5,690 — —5.7k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR TA Legacy Fund, LLC Sold 2,235 — —2.2k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Apex UCITS Fund Sold 1,349 — —1.3k shares -7%
2025-09-30 AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund Sold 349 — —349 shares -7%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Absolute Return Master Account, L.P. Sold 14,558 — —14.6k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Apex MS Master Account, L.P. Sold 10,839 — —10.8k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Arbitrage MA Offshore Fund, L.P. Sold 384 — —384 shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Corporate Arbitrage Master Account, L.P. Sold 9,098 — —9.1k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR DELTA Master Account, L.P. Sold 820 — —820 shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Diversified Arbitrage Fund Sold 20,361 — —20.4k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR Global Alternative Investment Offshore Fund, L.P. Sold 50,048 — —50.0k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR TA Global Alpha Fund, L.P. Sold 9,578 — —9.6k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR TA Legacy Fund, LLC Sold 3,763 — —3.8k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Apex UCITS Fund Sold 2,271 — —2.3k shares -11%
2025-09-29 AQR Arbitrage LLC +2 10% owner · AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund Sold 589 — —589 shares -11%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Wealthspring Capital LLC 0.02% of their portfolio WEST HARRISON, NY 929,857929.9k $74.4k $74.4k 0.02% Reduced -6.5k -6,500
2 Meteora Capital, LLC 0.01% of their portfolio Boca Raton, FL 817,547817.5k $65.4k $65.4k 0.01% Added +269.6k +269,600
3 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 741,594741.6k $59.3k $59.3k 0.00% Unchanged
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 615,729615.7k $49.3k $49.3k 0.00% Reduced -20 -20
5 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 500,000500.0k $41.9k $41.9k 0.00% Unchanged
6 Mint Tower Capital Management B.V. 0.01% of their portfolio AMSTERDAM, P7 500,000500.0k $42.0k $42.0k 0.01% Unchanged
7 Bulldog Investors, LLP 0.01% of their portfolio SADDLE BROOK, NJ 466,167466.2k $37.3k $37.3k 0.01% Reduced -10.7k -10,670
8 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 462,818462.8k $39.1k $39.1k 0.00% Added +25 +25
9 ATW SPAC MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 462,793462.8k $38.7k $38.7k 0.05% Unchanged
10 Decagon Asset Management LLP 0.02% of their portfolio LONDON, X0 459,411459.4k $38.5k $38.5k 0.02% Unchanged
11 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 408,257408.3k $34.3k $34.3k 0.00% Reduced -199.2k -199,247
12 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 349,019349.0k $27.9k $27.9k 0.00% Unchanged
13 Centiva Capital, LP 0.00% of their portfolio New York, NY 250,000250.0k $20.0k $20.0k 0.00% Unchanged
14 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 200,000200.0k $16.7k $16.7k 0.00% Unchanged
15 Yakira Capital Management, Inc. 0.01% of their portfolio Westport, CT 200,000200.0k $16.7k $16.7k 0.01% Unchanged
16 Periscope Capital Inc. 0.00% of their portfolio Toronto, A6 197,600197.6k $16.7k $16.7k 0.00% Unchanged
17 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 185,685185.7k $15.5k $15.5k 0.00% First filing
18 HEIGHTS CAPITAL MANAGEMENT, INC 0.00% of their portfolio SAN FRANCISCO, CA 179,984180.0k $14.4k $14.4k 0.00% Reduced -65.2k -65,207
19 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 150,000150.0k $12.0k $12.0k 0.00% Unchanged
20 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 150,000150.0k $12.0k $12.0k 0.00% Unchanged
21 WEXFORD CAPITAL LP 0.00% of their portfolio WEST PALM BEACH, FL 139,950139.9k $11.7k $11.7k 0.00% Unchanged
22 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $8.4k $8.4k 0.00% Unchanged
23 FIFTH LANE CAPITAL, LP 0.01% of their portfolio Austin, TX 100,000100.0k $8.0k $8.0k 0.01% Unchanged
24 Harraden Circle Investments, LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $8.4k $8.4k 0.00% Unchanged
25 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 75,00075.0k $6.0k $6.0k 0.00% Unchanged
26 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 48,71848.7k $4.0k $4.0k 0.00% Added +5.1k +5,133
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 38,56138.6k $3.1k $3.1k 0.00% Reduced -8.9k -8,949
28 CONDOR CAPITAL MANAGEMENT 0.00% of their portfolio MARTINSVILLE, NJ 21,68621.7k $1.7k $1.7k 0.00% Reduced -2.7k -2,685
29 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 14,01314.0k $1.1k $1.1k 0.00% Added +2.0k +2,000
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 8484 $7 $7 0.00% New