GNQ Insilico Inc. To Go Public Through Business Combination With IB Acquisition Corp

March 16 (Reuters) - IB Acquisition Corp IBAC.O:

• GNQ INSILICO INC. TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH IB ACQUISITION CORP. (NASDAQ: IBAC)

• IB ACQUISITION CORP - TO BUY ALL ISSUED AND OUTSTANDING SHARES IN CAPITAL OF GNQ

• IB ACQUISITION CORP - COMBINED COMPANY EXPECTS NASDAQ LISTING AFTER CLOSING IN Q3 2026

• IB ACQUISITION CORP - DEAL VALUES GNQ AT $500 MILLION WITH EARNOUT PROVISIONS

• IB ACQUISITION CORP - DEAL EXPECTED TO PROVIDE $15 MILLION IN PROCEEDS TO GNQ INCLUDING PIPE UP TO $10 MILLION

• IB ACQUISITION CORP: UPON CLOSING OF DEAL, EXECUTIVE OFFICERS OF GNQ WILL BECOME EXECUTIVE OFFICERS OF COMBINED CO