{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-010261","form_type":"8-K","ticker":"IBAC","cik":"0001998781","company_name":"IB Acquisition Corp.","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.959827+00:00","generated_at":"2026-05-15T11:58:32.552340+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IB Acquisition Corp. enters into $500M business combination with GNQ Insilico Inc.","bullets":["Total arrangement consideration of $500M plus potential revenue and share-price earnouts.","GNQ shareholders to receive SPAC Class A common or exchangeable shares; GNQ management to lead combined company.","Bridge financing of up to $2M via 10% secured convertible notes and warrants; $250K initial note issued.","Lock-up for key shareholders: 6 months; early release triggers at $12 and $15 SPAC stock price.","Closing requires SPAC stockholder approval, court order, regulatory clearances, and min $15M available cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-010261","json":"https://secwatch.observer/filing/0001493152-26-010261.json","markdown":"https://secwatch.observer/filing/0001493152-26-010261.md","text":"https://secwatch.observer/filing/0001493152-26-010261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1998781/000149315226010261/0001493152-26-010261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1998781/000149315226010261/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:58:32.552340+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"751ee46c0a8eca3f028de6da1ed0ad1670bfa884","claim":"IB Acquisition Corp. entered into Business Combination Agreement with GNQ Insilico Inc. valued at Arrangement Consideration equal to US$500,000,000 plus any amount paid under the Revenue Earnout or (effective 2026-03-16).","evidence_excerpt":"On March 16, 2026, IB Acquisition Corp., a Nevada corporation (“ IB Acquisition ”), and GNQ Insilico Inc., a corporation formed under the federal laws of Canada (“ GNQ ”), entered into a Business Combination Agreement (the “ BCA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1998781/000149315226010261/0001493152-26-010261-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"GNQ Insilico Inc."},{"label":"Value","value":"Arrangement Consideration equal to US$500,000,000 plus any amount paid under the Revenue Earnout or"},{"label":"Effective","value":"2026-03-16"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}