secwatch.observer — SEC 8-K summary
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Issuer:     Iris Acquisition Corp II (IRAB)
CIK:        0002077785
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001185185-26-000487
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iris Acquisition Corp II closes $168.5M IPO; trust funded at $10 per unit
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- IPO of 16.85M units at $10/unit; gross proceeds $168.5M; over-allotment partially exercised for 1.85M units.
- Private placement of 438,000 units to sponsor and underwriter generated $4.38M in additional proceeds.
- Net proceeds of $168.5M placed in trust account; transaction costs totaled $10.6M including $6.74M deferred underwriting fee.
- Sponsor forfeited 133,333 Class B shares; Company has 24 months to complete a business combination.
- Working capital of $788,450 as of Feb 4; no operations yet; SPAC targets a business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2077785/000118518526000487/0001185185-26-000487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2077785/000118518526000487/iac28k020526.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-000487

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