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IB Acquisition lines up $50M equity facility and up to $90M PIPE

IB Acquisition announced financing agreements for its pending merger with GNQ Insilico, including a $50.0 million equity purchase facility and a PIPE for senior secured convertible notes with an initial $16.47 million closing and potential additional closings up to $90 million.

IBAC

0 million equity purchase facility and a PIPE for senior secured convertible notes. 47 million, with the potential for additional closings of up to $90 million. The source text was truncated after “and r…”, so no further factual detail could be recovered from the supplied section.