Ib Acquisition CORP 10-Q quarterly reports

IB Acquisition Corp. reports a substantial going concern risk due to a working capital deficit and lack of liquidity, while progressing towards a business combination with GNQ Insilico Inc.

IB Acquisition Corp. has entered into a definitive business combination agreement with Canadian-based GNQ Insilico Inc. to take the company public.

IB Acquisition Corp. reported a net loss of $58,902 for the quarter ended December 31, 2025, and faces substantial doubt about its ability to continue as a going concern, despite extending its business combination deadline to March 28, 2026.

IB Acquisition Corp. reported Q3 2025 results, showing increased net income for the nine-month period but also disclosed substantial doubt about its ability to continue as a going concern due to liquidity challenges and the uncompleted business combination.

IB Acquisition Corp. reports a net income of $1.73 million for the six months ended March 31, 2025, driven by interest and dividends earned on cash and investments held in a trust account.

IB Acquisition Corp. reports a net income of $907,068 for the quarter ended December 31, 2024, driven by interest earned on marketable securities.

IB Acquisition Corp. reported a net income of $1.1 million for the quarter ended June 30, 2024, primarily driven by interest earned on marketable securities after completing its initial public offering.

IB Acquisition Corp. reports its financial results for the quarter ended March 31, 2024, following the completion of its initial public offering.