Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
IB Acquisition Corp. (IBAC) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, or similar business combination with one or more operating businesses. The company does not conduct commercial operations and does not generate operating revenue; its activities are limited to identifying and evaluating acquisition targets. Based on publicly available disclosures, IBAC has focused its search on opportunities within financial services, financial technology, and related sectors, though it has not been contractually restricted to a single industry.
IBAC was incorporated in 2021 and completed its initial public offering in the United States, raising capital to be held in trust while pursuing a business combination. The company was sponsored by affiliates of I-Bankers Securities, Inc., an investment banking firm with experience underwriting micro‑cap and growth‑oriented public companies. As of the latest publicly available filings, information regarding the completion of a definitive business combination or post‑merger operating structure is data inconclusive based on available public sources, with some market references reflecting inconsistent or outdated status information.
Business Operations
As a SPAC, IBAC’s business operations consist primarily of administrative, legal, and financial activities associated with maintaining its public listing and evaluating potential acquisition targets. The company’s assets historically consisted of cash and short‑term U.S. government securities held in a trust account following its IPO, and it did not have domestic or international operating subsidiaries generating revenue.
IBAC does not control proprietary technologies, operating assets, or service platforms. Its operational activities have been supported by its sponsor and advisors, including underwriting, legal counsel, and accounting firms. Any partnerships or operating subsidiaries would only arise upon the consummation of a business combination; however, publicly available sources do not conclusively confirm the identity or status of any completed merger.
Strategic Position & Investments
IBAC’s strategic objective has been to identify a target company with strong management, defensible market positioning, and potential for long‑term growth as a publicly traded entity. Its stated strategy emphasized sectors benefiting from regulatory complexity, financial innovation, or structural inefficiencies where experienced financial sponsors could add value.
The company’s primary investment activity has been the placement of IPO proceeds into trust and the evaluation of potential acquisitions. While various market databases reference potential or rumored transactions, no acquisition or portfolio company can be conclusively verified across multiple independent sources as completed under IBAC as of the latest confirmed SEC filings.
Geographic Footprint
IBAC is headquartered in the United States, with corporate offices historically associated with its sponsor’s location in New York. Its operational footprint has been domestic and administrative in nature, reflecting its status as a blank‑check company rather than an operating enterprise.
Although IBAC has evaluated potential targets that may operate internationally, the company itself has not maintained foreign offices, international subsidiaries, or direct overseas operations. Any global presence would depend on the geographic scope of a completed business combination, which remains data inconclusive based on available public sources.
Leadership & Governance
IBAC has been led by executives and directors affiliated with its sponsor, I-Bankers Securities, Inc., bringing experience in investment banking, capital markets, and public company transactions. The leadership team has emphasized disciplined capital allocation, regulatory compliance, and alignment with public shareholders as core governance principles.
Key executives and directors disclosed in public filings include:
- Jonathan Cohen – Chief Executive Officer
- Michael Choe – Chief Financial Officer
- F. Jack Bouroudjian – Chairman of the Board
- William M. Baker – Director
The board and management structure was designed to meet U.S. public company governance standards, with independent directors and audit oversight consistent with SPAC regulatory requirements.