Iron Horse II Completes $230mm IPO

Iron Horse Acquisition II Corp. (IRHOU) completed its initial public offering, raising $230 million through the sale of 23 million units at $10 per unit. The offering included 3 million units from the underwriter’s full exercise of its over-allotment option. The company’s units began trading on the Nasdaq Global Market under ticker symbol "IRHOU" on December 17, 2025. Each unit contains one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon completion of an initial business combination. The Class A ordinary shares and rights will trade separately under symbols "IRHO" and "IRHOR" respectively once separate trading begins. Cantor Fitzgerald & Co. served as the sole book-running manager for the offering. Iron Horse Acquisition II is a special purpose acquisition company focused on media, technology and entertainment sectors. The Cayman Islands-based company was formed to pursue mergers, acquisitions or similar business combinations with one or more businesses. The Securities and Exchange Commission declared the registration statement for the offering effective on December 16, 2025. The company stated its target search will not be limited to specific industries or geographic regions, though it plans to focus primarily on media and entertainment opportunities in the United States. The information is based on a company press release statement.