Quarterly ResultMay 14, 2026, 03:57 PM
Iris Acquisition Corp II Reports Q1 Net Income $773,935
AI Summary
Iris Acquisition Corp II reported a net income of $773,935 for the three months ended March 31, 2026, primarily driven by interest earned on its Trust Account. Following its Initial Public Offering on February 4, 2026, the company placed $168.5 million into the Trust Account, which grew to $169.4 million by quarter-end. The SPAC is actively seeking a business combination target within its 24-month completion window.
Key Highlights
- Net income for the three months ended March 31, 2026, was $773,935.
- Cash held in Trust Account reached $169,419,562 as of March 31, 2026.
- Total assets stood at $170,407,434 as of March 31, 2026.
- Total liabilities were $7,431,526 as of March 31, 2026.
- Interest earned on cash held in Trust Account was $919,562.
- Basic and diluted net income per share was $0.05.
- The company completed its IPO on February 4, 2026, raising $168.5 million.
- Deferred underwriting fee payable is $7,115,000.
Price Impact
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