Iron Horse Acquisitions Corp.
4.0900+0.00 (+0%)
Sep 30, 4:00:00 PM EDT · NasdaqGM · IROH · USD
Key Stats
Market Cap
21.87MP/E (TTM)
81.80Basic EPS (TTM)
0.05Dividend Yield
0%Recent Filings
8-K
Business combo approval advances
Iron Horse Acquisitions Corp. secured stockholder approval on June 20, 2025, for its amended business combination with CFI, a British Virgin Islands entity owned by Rosey Sea Holdings, paving the way for CFI to become a wholly owned subsidiary via stock exchange. The deal cleared PRC regulatory hurdles with CSRC filings confirmed, yet stockholders redeemed 6,477,975 shares at $10.60 each, totaling $68.65 million in outflows. Closing looms soon. PRC authorities could still impose sanctions if interpretations differ.
8-K
Merger deadline extended
Iron Horse Acquisitions Corp. extended its business combination agreement deadline to September 30, 2025, via a second amendment signed on September 12, after a prior push from September 1. This keeps the merger with Rosy Sea Holdings Limited and CFI on track, avoiding termination. Deal alive. No financial impacts disclosed.
8-K
Merger deadline extended
Iron Horse Acquisitions Corp. extended its business combination agreement deadline from September 1 to September 15, 2025, keeping the pending merger with entities tied to Rosy Sea Holdings alive. Stockholders approved the deal back on June 20, 2025, triggering redemptions that will render Iron Horse a controlled company post-closing, with over 50% voting power in one entity's hands. It plans to stick with full Nasdaq governance rules for now. This buys time amid delays.
8-K
Nasdaq compliance warning issued
Iron Horse Acquisitions Corp. received a Nasdaq notice on August 20, 2025, for failing to maintain the minimum value of listed securities above $50.0 million over the prior 30 business days, violating Listing Rule 5450(b)(2)(A). The company has 180 days until February 16, 2026, to regain compliance by hitting that threshold for 10 consecutive business days. It expects to fix this post-business combination, but success isn't guaranteed. Delisting looms if unmet.
10-Q
Q2 FY2025 results
Iron Horse Acquisitions Corp. posted a Q2 net loss of $63,940, down from $481,927 income a year earlier, as formation costs jumped 182% y/y to $671,528 while interest from the Trust Account dipped 19% y/y to $753,788; YTD net income of $19,820 narrowed from $955,342, with costs up 66% y/y to $1,191,486. EPS held at $(0.01) for non-redeemable shares, consistent with diluted weighted-average shares of 1,967,000. Heavy redemptions slashed Trust assets to $73.2M from $71.8B q/q (derived), leaving $25K cash outside amid $72.4M liabilities, including $68.7M due stockholders and $686K excise tax on the $68.7M outflow at $10.60/share. The SPAC eyes closing its BVI target merger soon, backed by extensions to August 2025. Redemptions hammered liquidity.
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