IB Acquisition Corp.: Extended the deadline to consummate a business combination from March 28, 2026 to September 28, 2026, and revised related redemption and liquidation provisions (effective 2026-03-25).
“the Company adopted a Second Amendment to its Amended and Restated Articles of Incorporation (the “Extension Amendment”). The Extension Amendment, among other things, (i) extends the date by which the Company must consummate its initial business combination to September 28, 2026 or such later date as may be approved by the Company’s stockholders in accordance with its amended and restated articles of incorporation”
Material Agreements
IB Acquisition Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2026-03-25).
“IB Acquisition Corp. (the “Company”) entered into Amendment No. 2 (the “Trust Amendment”) to the Investment Management Trust Agreement, dated as of March 25, 2024, with Continental Stock Transfer & Trust Company, as trustee (the “Trustee”).”
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).
“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 ”).”
Governance Changes
IB Acquisition Corp.: Amended articles of incorporation to extend deadline for business combination from September 28, 2025 to March 28, 2026 and modify related provisions (effective 2025-09-22).
“The Extension Amendment, among other things, (i) extends the date by which the Company must consummate its initial business combination to March 28, 2026 or such later date as may be approved by the Company’s stockholders in accordance with its amended and restated articles of incorporation;”
Auditor Changes
IB Acquisition Corp. engaged MaloneBailey LLP as its auditor.
“the Audit Committee appointed of MaloneBailey LLP ("MaloneBailey") as the Company’s independent registered public accounting firm for the fiscal year ended September 30, 2024”
Auditor Changes
IB Acquisition Corp. dismissed UHY LLP as its auditor.
“the Company dismissed UHY LLP ("UHY") as its independent registered public accounting firm, effective as of such date”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.