Iron Horse Acquisition II, a blank check company targeting media and entertainment, raised $200 million by offering 20 million units at $10. The company initially filed to offer 25 million units with one-half of one warrant and one right to receive one-eighth of one share. Each unit now consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Iron Horse Acquisition 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, completed its merger with CN Healthy Food Tech (UCFI; -45% from $10 offer) this past September.
Iron Horse Acquisition II plans to list on the Nasdaq under the symbol IRHOU. Cantor Fitzgerald acted as sole bookrunner on the deal.
