---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-001829"
form_type: "8-K"
ticker: "IRAB"
cik: "0002077785"
company_name: "Iris Acquisition Corp II"
filed_at: "2026-05-13T20:01:30+00:00"
generated_at: "2026-05-13T20:02:22.283958+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Iris Acquisition Corp II terminates LOI with Freedom Metals for business combination

## Summary
- Terminated non-binding LOI with Freedom Metals Corporation on May 13, 2026.
- Previously announced LOI on March 9, 2026 for a potential business combination.
- No reason for termination provided; SPAC must seek alternative target or face potential liquidation.

## SEC filing metadata
- accession: 0001185185-26-001829
- form_type: 8-K
- ticker: IRAB
- cik: 0002077785
- company_name: Iris Acquisition Corp II
- filed_at: 2026-05-13T20:01:30+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2077785/000118518526001829/0001185185-26-001829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2077785/000118518526001829/iac28k051226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-001829
- JSON: https://secwatch.observer/filing/0001185185-26-001829.json
- Plain text: https://secwatch.observer/filing/0001185185-26-001829.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.