Brief: GNQ Insilico Inc. To Go Public Through Business Combination With IB Acquisition Corp
16/03/2026 17:49
March 16 (Reuters) - IB Acquisition Corp IBAC.O: GNQ INSILICO INC. TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH IB ACQUISITION CORP. (NASDAQ: IBAC) IB ACQUISITION CORP - TO BUY ALL ISSUED AND OUTSTANDING SHARES IN CAPITAL OF GNQ IB ACQUISITION CORP - COMBINED COMPANY EXPECTS NASDAQ LISTING AFTER CLOSING IN Q3 2026 IB ACQUISITION CORP - DEAL VALUES GNQ AT $500 MILLION WITH EARNOUT PROVISIONS IB ACQUISITION CORP - DEAL EXPECTED TO PROVIDE $15 MILLION IN PROCEEDS TO GNQ INCLUDING PIPE UP TO $10 MILLION IB ACQUISITION CORP: UPON CLOSING OF DEAL, EXECUTIVE OFFICERS OF GNQ WILL BECOME EXECUTIVE OFFICERS OF COMBINED CO Source text: ID:nGNX5WvYsr Further company coverage: IBAC.O ((Reuters.Briefs@thomsonreuters.com;;))
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Brief: GNQ Insilico Inc. To Go Public Through Business Combination With IB Acquisition Corp
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