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

* GNQ INSILICO INC. TO GO PUBLIC THROUGH BUSINESS

COMBINATION WITH IB ACQUISITION CORP.

* IB ACQUISITION CORP ( IBAC ) - TO BUY ALL ISSUED AND OUTSTANDING

SHARES IN CAPITAL OF GNQ

* IB ACQUISITION CORP ( IBAC ) - COMBINED COMPANY EXPECTS NASDAQ

LISTING AFTER CLOSING IN Q3 2026

* IB ACQUISITION CORP ( IBAC ) - DEAL VALUES GNQ AT $500 MILLION WITH

EARNOUT PROVISIONS

* IB ACQUISITION CORP ( IBAC ) - DEAL EXPECTED TO PROVIDE $15 MILLION

IN PROCEEDS TO GNQ INCLUDING PIPE UP TO $10 MILLION

* IB ACQUISITION CORP ( IBAC ): UPON CLOSING OF DEAL, EXECUTIVE

OFFICERS OF GNQ WILL BECOME EXECUTIVE OFFICERS OF COMBINED CO

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