Integrated Rail and Resources Acquisition Corp. Announces Extension

Rhea-AI Summary

Integrated Rail and Resources Acquisition Corp (IRRX) has announced an extension of its deadline to complete a business combination. The company's sponsor, DHIP Natural Resources Investments, has notified of plans to extend the completion timeline from March 15, 2025, to April 15, 2025.

IRRX, a blank check company based in Winter Park, Florida, was established to execute a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company's primary focus is on targeting businesses in:

• Natural resources
• Railroad operations
• Railroad logistics
• Or combinations of these sectors

The extension notice was filed in accordance with the Investment Management Trust Agreement, which was originally dated November 11, 2021, and amended on February 8, 2024.

WINTER PARK, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- Pursuant to the Investment Management Trust Agreement between Integrated Rail and Resources Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC, dated as of November 11, 2021, as amended on February 8, 2024, the Company received notice from the Company’s sponsor, DHIP Natural Resources Investments, LLC, that the Company intends to extend the time available in order to consummate a business combination from March 15, 2025 to April 15, 2025.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Contact: William Savery
wsavery@dhipgroup.com

FAQ

What is the new deadline for IRRX to complete its business combination?

IRRX's deadline has been extended to April 15, 2025, from the previous date of March 15, 2025.

What industries is IRRX targeting for its business combination?

IRRX is focusing on natural resources, railroads, railroad logistics companies, or combinations of these sectors.

When was IRRX's Investment Management Trust Agreement last amended?

The Investment Management Trust Agreement was last amended on February 8, 2024.

How long is the extension period granted to IRRX for completing its business combination?

The extension period is one month, from March 15, 2025, to April 15, 2025.

What types of business combinations is IRRX authorized to pursue?

IRRX can pursue mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations.