IB Acquisition Corp. currently maintains no substantial active business operations. Its primary objective is to identify and execute a business combination, such as a merger, asset acquisition, share exchange, or other strategic corporate reorganization, with one or more target companies located within the United States. The company was founded in 2020 and is headquartered in Boca Raton, Florida.
Trenchant Technologies Capital Corp. Completes Unwinding of Previous Limitless Quantum Acquisition and Corporate Updates
Trenchant Technologies, a significant shareholder in GNQ Insilico, confirmed that the previously announced business combination between GNQ and IBAC remains on track.
The definitive agreement, originally signed in March, involves IBAC acquiring all issued and outstanding shares of GNQ via a statutory plan of arrangement.
Closing of the transaction is expected in the third quarter of 2026, with the combined company set to list on Nasdaq under the symbol IBAC.