IBAC
S-4 filedDeal announcedLife supportIB Acquisition Corp.
Merging with GNQ Insilico Inc.
1/20 of a right per unit. 20 units = 1 listed right. *R trades whole.
Deal announced 2026-07-24
Pulse
62
↑Life-support risk
0–100 vitality — and a read on how the book feels about this shell.
% done
30%
Path to close
Price
$10.88
Mkt 54.49M
What is Pulse?
SPAC Pulse measures the current vitality of a deal on a 0–100 scale. A new IPO starts near 50 — a healthy heart with room both ways. It is not weakening just because nothing has printed yet. Weakening is a tag for a slowing beat (stalling cadence), not a quiet shell. 10-Q / 10-K on time is a good beat; an NT is a deficiency. File the report late, then file the NT late, and Pulse falls — that is how public investors read whether management is on top of the shell. Filing recovers some of it. It never pretends the miss did not happen. When other new IPOs file that window on time, they are no longer equal — those shells are healthier. High readings mean the deal book is accelerating; low readings flag life-support risk. Full methodology lives on the desk.
Rate + Lead II · 25 mm/s
Pulse Timeline
Top trace is the Pulse rate. Bottom is the filing lead — R-wave when the rate lifts, QS when it slows. Height is the change.
- 03-26 Extension vote
- 05-15 10-Q
- 07-24 S-4
- 08-14 10-Q
- 10-06 Listing deficiency
- 10-07 Now
Auto interpretation · Lead II printoutLife supportPulse 62
QRS is weak or missing. Cadence stalled, cash is thin, or the book went quiet.
Silent 75dBeats/90d 1Recent gap —
Marks on this strip
- 12-2936 ↓110-K. Periodic report. Pulse -1 — calendar, not the S-4.
- 02-1135 ↓110-Q. Periodic report. Pulse -1 — calendar, not the S-4.
- 03-2629 ↓6Extension vote. Shareholders printed. Path is late, not leftover trust. -6
- 05-1533 ↑410-Q. Periodic report on time. +4
- 07-2462 ↑29S-4. Book opened. Amendment velocity starts here. +29
- 08-1467 ↑510-Q. Periodic report on time. +5
- 10-0662 ↓5Listing deficiency. Exchange notice that day. It belongs on this date, not today. Pulse does not double-haircut an already-slow book.
- 10-0762 →0Now. No new filing. Rate holds from the last mark.
Impression: QRS is weak or missing. Cadence stalled, cash is thin, or the book went quiet.
- · No S-4/F-4 beat in 75 days.
- · Long silence after a registration statement — cadence looks like life support.
Unconfirmed machine read · not medical advice · not financial advice
Leftover trust
$8.2mm
Cash condition
At risk
Skin in the game
low
Target
early
8-K Item 5.07
Votes & leftover trust
Share counts as filed. Preliminary tenders do not move cash until they settle.
2026-03-26 · extension
731,741 shares · ~$10.78 · $8.2mm left
Further 731,741 shares at ~$10.78. ~$8.2mm left — thin.
2025-09-24 · extension
10,009,120 shares · ~$10.60 · $15.8mm left
10,009,120 shares at ~$10.60. ~$15.8mm left in trust.
Historical context
S-4 on file in the archive
Precedent from 27 names in the Pulse archive (closed, liquidated, and broken deals). Archive base rate is one input; live beat speed then moves Pulse. Not a forecast.
- Close rate
- 100%
- Median days left
- 105
- Archive n
- 27
Status
S-4 Filed
Exchange
Nasdaq
Rights
1/20
Warrants
No
CIK
0001998781
IPO date
2024-03-26
Market cap
54.49M
Days to deadline
—
SEC tickers
IBAC, IBACR
Sponsor
—
S-4 / F-4 filer
Holdco · GNQ Insilico Inc.
Fiscal year
September 30
Next filing
10-K 2026-12-29
Vote
—
Schedule
What is due next
- Fiscal year
- Ends September 30 · 10-K cover
- This window
- 10-Q due 2026-08-14 · filed
- Next due
- 10-K 2026-12-29Period 2026-09-30
- Pulse
- +6
10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-14 on time (+6).
On time with this window. Pulse stays even with the other new listings that filed.
Meetings
No shareholder meeting dated in the Q&A or calendar.
Price history
Delayed exchange prints — common, rights, units, warrants when listed. Last price is in the header. This tape does not move Pulse.
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S-4 amendment timeline
Shrinking gaps mean the deal is progressing. The tag says whether that filing cleared a checklist, dropped a hurdle, or repriced the deal.
Merging company
On file
GNQ Insilico Inc.
Close timing Q&A
On file
Close Q on file, no dated window.
Meeting Q&A
Gap
Meeting Q is still a blank. They have not printed a date.
Proxy card
Gap
No form of proxy in the exhibits yet.
10-Q / 10-K
On file
10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-14 on time (+6).
Q&A · close
When is the Business Combination expected to be completed? A: The Closing is expected to take place on (a) the third business day following the satisfaction or waiver of the conditions described below under the section titled The Business Combination Proposal Conditions to the Closing of the Business Combination (other than those conditions that by their terms are to be satisfied at the Closing, but subject to the satisfaction or waiver thereof) or (b) such other date as agreed to by the parties to the Business Combination Agreement in writing, in each case, subject to the satisfaction or waiver of the Closing conditions. The Business Combination Agreement may be terminated by IBAC and/or GNQ upon the occurrence of certain events. For a description of the conditions to the completion of the Business Combination, see the section titled The Business Combination Proposal . 15
Q&A · meeting
When and where is the Special Meeting? A: The Special Meeting will be held at [_______] Eastern Time, on [_______], 2026, as a virtual meeting. The meeting will be held virtually over the Internet by means of a live audio webcast. You will be able to attend, vote your shares and submit questions during the Special Meeting via a live webcast available at .
- 10-Q2026-08-14
10-Q
- S-42026-07-24
S-4 — GNQ Insilico Inc.
- 10-Q2026-05-15
10-Q
- 4252026-04-17
425
- 8-K2026-03-27
8-K
Show 19 more filings
- 8-K2026-03-26
8-K
- 8-K2026-03-18
8-K
- 4252026-03-18
425
- 4252026-03-16
425
- 8-K2026-03-16
8-K
- 10-Q2026-02-11
10-Q
- 10-K2025-12-29
10-K
- 8-K2025-09-24
8-K
- 10-Q2025-08-13
10-Q
- 10-Q2025-05-15
10-Q
- 10-Q2025-02-13
10-Q
- 10-K2024-12-26
10-K
- 10-Q2024-08-14
10-Q
- 10-Q2024-05-15
10-Q
- 8-K2024-05-13
8-K/A
- 8-K2024-04-26
8-K
- 8-K2024-04-26
8-K
- 8-K2024-04-03
8-K
- 8-K2024-03-29
8-K
Your notes
Saved on this device only.
Journal
On IBAC
Journal
Latest journal
2026-08-24
SAMO files Q1 10-Q, reports $28k net loss from Jan 27 inception to Mar 31
Pre-IPO period shows $21.8k cash, $50k sponsor note, and $574k total liabilities against $571k assets.
2026-08-31
BCCQ 425 outlines $2.3B Ursa Major combination, $1.6B pre-money
Form 425 communication filed 31 Aug 2026 discloses proposed business combination terms and PIPE.
2026-08-31
BCCQ 425 details proposed Ursa Major combination at $1.6B consideration
Form 425 filed August 31 communicates terms of the business combination with Ursa Major Technologies, Inc. Registration statement on Form S-4 to follow.
2026-08-31
BCCQ 425 outlines Ursa Major deal at $2.3 billion equity value
Form 425 communication filed Aug. 31 details proposed combination with Ursa Major Technologies and related PIPE commitments.
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