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GNQ Insilico and IB Acquisition Corp (NASDAQ: IBAC) agreed to a definitive business combination to take GNQ public via a statutory plan of arrangement, expected to close in Q3 2026. The transaction values GNQ at US$500 million and is expected to provide approximately US$15 million of proceeds, including a PIPE of up to US$10 million. GNQ shareholders may receive additional consideration via revenue and share-price earnouts. Closing requires shareholder approvals and Ontario Superior Court approval; GNQ executives will lead the combined company and the post-close board will have five directors.
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FAQ
What is the current stock price of IB Acquisition Right (IBACR)?
IB Acquisition Right (IBACR) last closed at $0.1415.