Iron Horse Acquisition II completes $230M IPO and private placement; trust funded at $10/share

Iron Horse Acquisition II Corp.

Gross proceeds from IPO of 23M units (including over-allotment) at $10/unit = $230M, placed in trust account.
Simultaneous private placement of 570k units to Sponsor and Cantor raised $5.7M.
Audited balance sheet: $230M trust, $744k cash, $10.1M accumulated deficit.
Going concern note: substantial doubt about ability to continue if business combination not completed within 24 months.
Company intends to focus on media/entertainment targets in U.S.

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