Quarterly ResultNov 6, 2026, 10:01 AM
Iris Acquisition Corp II Q3 2026 Net Income $1.43M; Assets $173.2M
AI Summary
Iris Acquisition Corp II filed its 10-Q report for the period ending September 30, 2026. The company reported a net income of $1,430,836 for the third quarter and $3,468,346 for the first nine months of the year. As of September 30, 2026, the company held $172,550,456 in its Trust Account, with total assets reaching $173,223,755. Total liabilities stood at $7,531,476. The company noted substantial doubt about its ability to continue as a going concern due to ongoing costs and the pursuit of a business combination.
Key Highlights
- Iris Acquisition Corp II reported net income of $1,430,836 for the three months ended September 30, 2026.
- For the nine months ended September 30, 2026, net income was $3,468,346.
- Total assets as of September 30, 2026, were $173,223,755, with cash held in Trust Account at $172,550,456.
- Total liabilities as of September 30, 2026, were $7,531,476.
- Class A ordinary shares subject to possible redemption were $172,550,456 as of September 30, 2026.
- The company had a working capital of $233,855 as of September 30, 2026.
- Interest earned on cash held in Trust Account for the nine months ended September 30, 2026, was $4,050,456.
Price Impact
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