Every 10-Q that IB Acquisition Corp. (IBAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IBAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IBAC filings page.
IB Acquisition Corp., a SPAC, reported a net loss of $567,166 for the quarter and $1,265,934 for the nine months ended June 30, 2026, compared with income in the prior-year periods. General and administrative expenses rose sharply while interest income from the Trust Account declined.
Cash and investments in the Trust Account were $8,261,479 and cash outside the trust was only $30,161, with a working capital deficit of $2,190,878. Management disclosed substantial doubt about the company’s ability to continue as a going concern.
The company has entered into a Business Combination Agreement with GNQ Insilico Inc., supported by shareholder and sponsor agreements and a bridge financing structure of up to $2,000,000, including an initial $250,000 10% secured convertible note and accompanying warrants. Large stockholder redemptions removed approximately $106.1 million and $7.9 million from the Trust Account in two extension votes, leaving 759,139 public shares subject to redemption.
IB Acquisition Corp. reported a net loss of $639,866 for the quarter ended March 31, 2026, driven by higher general and administrative expenses of $748,177 and reduced interest income from its trust investments.
The SPAC’s trust account balance fell to $8.19M after significant redemptions, including about $7.9M at roughly $10.78 per share in March 2026. Common stock subject to possible redemption declined to 759,139 shares, while 4,249,090 non‑redeemable shares remained outstanding.
IB Acquisition entered into a Business Combination Agreement with GNQ Insilico Inc. and arranged up to $2.0M of 10% secured convertible bridge financing to support GNQ ahead of closing. Management disclosed only $4,634 of cash outside the trust and a working capital deficit of $1.55M, concluding these conditions raise substantial doubt about the company’s ability to continue as a going concern absent a successful merger.
IB Acquisition Corp, a blank check company, reported a net loss of $58,902 for the quarter ended December 31, 2025, compared with net income of $907,068 a year earlier. Interest and dividends on the trust account fell to $153,289 from $1,371,530, while general and administrative expenses were $180,000.
The company held $16,043,483 in its trust account and cash of $165,484 outside the trust, with a working capital deficit of $800,393. After $106.1M of redemptions in September 2025, 1,490,880 shares remain redeemable. Management discloses substantial doubt about its ability to continue as a going concern if a business combination is not completed by March 28, 2026.