IRRX
Integrated Rail and Resources Acquisition Corp.11.99
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
69.25MP/E (TTM)
-Basic EPS (TTM)
-1.70Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Integrated Rail and Resources Acquisition Corp posted Q3 net income of $6.0M, swinging from a $917K operating loss thanks to a $7.0M gain on warrant liability fair value changes (derived), while nine-month YTD shows $5.6M net loss versus $1.3M profit last year amid heavy redemptions. Trust Account shrank to $673K from $3.2M at year-end as shares redeemed at rising prices up to $15.48; cash sits at $4K with $16.9M working capital deficit offset by $9.5M in related-party notes. Merger deal with Tar Sands Holdings II signed Aug 2024 (extended to Dec 2025 termination) won shareholder nod in June 2025. No FCF disclosed in the 10-Q. Tyr Energy litigation lingers.
8-K
COO resigns abruptly
Integrated Rail and Resources Acquisition Corp. saw its Chief Operating Officer, Ivan Varela, resign effective October 16, 2025, with no disclosed reasons tied to disagreements. This abrupt exit leaves a gap in operations for the blank-check firm. No interim arrangements or succession plans were mentioned. The move underscores leadership flux in a stagnant SPAC market.
8-K
SPAC extends merger deadline
Integrated Rail and Resources Acquisition Corp., a SPAC, extended its deadline for completing an initial business combination from September 15, 2025, to December 31, 2025, after stockholders overwhelmingly approved the charter amendment at a special meeting on September 15, with 4,382,266 votes in favor and just 2 against. The sponsor will deposit $1.00 per share into the trust account to fund the extension, while only 11 shares were redeemed. This buys time for the pending merger with Uinta Infrastructure Group, yet risks persist if the deal falters by year-end.
8-K
Merger deadline extended
Integrated Rail and Resources Acquisition Corp. extended its merger agreement with Uinta Infrastructure Group Corp. to December 1, 2025, buying more time for the business combination. The SPAC also pushed back the maturity of its $1.4 million interest-free lender note to match. Deal hangs in the balance amid regulatory hurdles.
10-Q
Q2 FY2025 results
Integrated Rail and Resources Acquisition Corp. posted a net loss of $8.2M for Q2 FY2025 ended June 30, 2025, swinging from a $1.0M loss a year earlier, driven by a $7.6M unfavorable change in fair value of warrant liabilities while operating expenses rose 110% y/y to $449K from routine costs. Yet the net loss outpaced the $449K operating loss, mainly due to that warrant swing and $110K in excise tax interest and penalties. Cash dwindled to $20K amid a $15.9M working capital deficit, offset by $666K in the Trust Account and related-party notes totaling $7.2M; free cash flow not disclosed in the 10-Q. Stockholders approved the merger with Tar Sands Holdings II, LLC in June, extending the deadline to September 15, 2025, but litigation from Tyr Energy over a non-circumvention claim lingers.
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