Integrated Rail and Resources A
10.00-0.99 (-9.01%)
Oct 30, 4:00:00 PM EDT · OTC Markets OTCPK · IRRX · USD
Key Stats
Market Cap
57.92MP/E (TTM)
-Basic EPS (TTM)
-2.69Dividend Yield
0%Recent Filings
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.
8-K
SPAC extends merger deadline
Integrated Rail and Resources Acquisition Corp., a SPAC, extended its deadline for completing an initial business combination from July 15, 2025, to August 15, 2025, via stockholder approval at a special meeting where 4,382,377 votes favored the amendment against just two opposed. No redemptions occurred, preserving trust account funds, while the sponsor committed to $1.00 per share deposits for this and a potential further one-month extension to September 15 without additional votes. This buys time for the pending merger with Uinta Infrastructure Group, yet risks persist if the deal falters by the new deadline.
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