IBACR

IB Acquisition Corp. rights are derivative securities that give holders the contractual right to purchase shares of the company's common stock at a predetermined price during a specified exercise period. These rights are typically issued as part of a SPAC's capital structure to provide additional value to early investors and enhance the offering's attractiveness. Rights generally become exercisable upon the completion of a business combination and may have different terms than warrants, including shorter exercise periods or different strike prices. Holders can choose to exercise their rights to acquire additional shares, sell the rights in the secondary market, or let them expire. Rights represent a special security structure common in certain SPAC transactions.