---
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"
generated_at: "2026-05-15T11:58:32.552340+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IB Acquisition Corp. enters into $500M business combination with GNQ Insilico Inc.

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-010261
- JSON: https://secwatch.observer/filing/0001493152-26-010261.json
- Plain text: https://secwatch.observer/filing/0001493152-26-010261.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: GNQ Insilico Inc.
  - Value: Arrangement Consideration equal to US$500,000,000 plus any amount paid under the Revenue Earnout or
  - Effective: 2026-03-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1998781/000149315226010261/0001493152-26-010261-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.