IRON.U News

Iron Horse Acquisitions, a blank check company targeting media and entertainment in the US, officially withdrew its plans for an initial public offering on Tuesday. It had filed in November 2022 to raise $100 million by offering 10 million units at $10, with each unit containing one share of common stock and one warrant. The company had not updated its prospectus since then, and the...read more

The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are acting as if it will, and......read more

The IPO market closed out October and started off November with no offerings. Four small IPOs and two SPACs submitted initial filings. While there were no pricings, the calendar still saw some activity, as Acrivon Therapeutics (ACRV) launched its...read more

Iron Horse Acquisitions, a blank check company targeting media and entertainment in the US, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one whole warrant, exercisable at $11.50. At the proposed deal size, Iron...read more