• IB Acquisition posted a net loss of $567,166 for the quarter ended June 30, 2026, swinging from net income of $818,610 a year earlier.
• General and administrative expenses climbed to $624,429 from $172,210, while interest and dividends in the Trust Account fell to $72,485 from $1.25 million.
• Net loss for the nine months ended June 30, 2026 widened to $1.27 million, reversing net income of $2.55 million a year earlier.
• Cash used in operating activities increased to $1.79 million from $1.26 million; cash and investments in the Trust Account totaled $8.26 million.
• Business-combination talks advanced with a March 16, 2026 agreement to merge with Canada’s GNQ Insilico, alongside up to US$2 million in bridge financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IB Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-038060), on August 14, 2026, and is solely responsible for the information contained therein.