Media and entertainment SPAC Iron Horse Acquisitions refiles for a $60 million IPO

Iron Horse Acquisitions, a blank check company targeting media and entertainment in the US, filed on Thursday with the SEC to raise up to $60 million in an initial public offering. The company had previously filed in November 2022 to raise $100 million (IRON.U), but officially withdrew the offering earlier this week.

The Toluca Lake, CA-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock, one right to receive one-eighth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. At the proposed deal size, Iron Horse Acquisitions would command a market value of $77 million.

Iron Horse Acquisitions is led by CEO and Director Jose Bengochea, the founder and CEO of Bengochea Capital, and Chairman Brian Turner, the former CFO of Coinstar. They are joined by CFO and Director Jane Waxman, the former EVP and Deputy CFO of 20th Century Fox. The company plans to target media and entertainment opportunities in the US, with a particular focus on content studios and film production, family entertainment, and animation, among other areas.

Iron Horse Acquisitions was founded in 2021 and plans to list on the Nasdaq under the symbol IROHU. EF Hutton is the sole bookrunner on the deal.