Iron Horse Acquisitions Corp. closes $69M IPO and $2.46M private placement

CN Healthy Food Tech Group Corp.

Offered 6,900,000 units at $10.00 per unit, gross proceeds $69,000,000 from IPO.
Simultaneously closed private placement of 2,457,000 warrants to sponsor Bengochea SPAC Sponsors I LLC for $2,457,000.
Net proceeds of $69,000,000 deposited into trust account for benefit of public shareholders.
Audited balance sheet as of Dec 29, 2023 shows $656,977 cash outside trust and working capital deficit of $155,475.
Going concern uncertainty noted: must complete business combination within 12 months (or 18 with extension) or liquidate.

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