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Media and entertainment SPAC Iron Horse Acquisitions II files for a $250 million IPO

January 17, 2025

Iron Horse Acquisitions II, a blank check company targeting media and entertainment, filed on Friday with the SEC to raise up to $250 million in an initial public offering.

The Boca Raton, FL-based company plans to raise $250 million by offering 25 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-half of a warrant, exercisable at $11.50.

Iron Horse Acquisitions II is led by CEO and Chairman Jose Bengochea, the founder and CEO of Bengochea Capital, and plans to target the media and entertainment industry, with a focus on music, animation, artificial intelligence, and more.

Management's previous SPAC, Iron Horse Acquisitions (IROH; +3% from $10 offer price), has a pending merger agreement with China-based food retailer Zhong Guo Liang Tou Group.

Iron Horse Acquisitions II was founded in 2024 and plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: IRHAU.RC). D. Boral Capital is the sole bookrunner on the deal.