Irenic Acquisition Corp. (IACQ) reports that its audit committee dismissed CBIZ CPAs P.C. as independent registered public accounting firm on September 2, 2026 and approved the engagement of WithumSmith+Brown, PC on September 3, 2026 to audit the 2026 financial statements and review the quarter ended September 30, 2026. The company states the change was not due to any disagreement with CBIZ CPAs on accounting principles, practices, disclosures, or audit scope, and that, apart from a material weakness described by management, there were no reportable events of the type defined in Regulation S-K. CBIZ CPAs’ prior reports did not contain adverse or disclaimed opinions or qualifications, but the report for the period from March 4, 2026 (inception) through March 6, 2026 included an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern. The Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were not effective as of June 30, 2026 due to a material weakness in the financial statement review process that could allow a material misstatement to go undetected in a timely manner.
Irenic Acquisition Corp., a Cayman Islands special purpose acquisition company, reported net income of $1.37 million for the quarter ended June 30, 2026, driven mainly by $1.53 million of interest on marketable securities held in its trust account, partially offset by $171,066 of general and administrative expenses. Since inception on March 4, 2026 through June 30, 2026, cumulative net income was $1.31 million.
Total assets were $255.35 million, including $254.06 million of marketable securities in the Trust Account and $1.02 million of cash outside the trust, with working capital of $1.05 million. Following its IPO and partial over-allotment exercise, the company sold 25,253,188 units at $10.00 per unit, placing $252.53 million in the Trust Account, and incurred $15.80 million in offering transaction costs, including $10.10 million of deferred underwriting fees. As of June 30, 2026, 25,253,188 Class A shares were classified as subject to possible redemption at $10.06 per share.
The SPAC has 24 months from the April 29, 2026 IPO closing (the “Completion Window”) to complete an initial business combination, and also has a $50 million forward purchase commitment for 5,000,000 forward purchase units, subject to the investor’s committee approval. Management states it has sufficient liquidity for at least one year, but discloses a material weakness in internal control over financial reporting related to the financial statement review process, concluding disclosure controls and procedures were not effective as of June 30, 2026.
AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC report beneficial ownership of Class A ordinary shares of Irenic Acquisition Corp.. The group reports holding 1,611,286 units, representing 1,611,286 Class A ordinary shares.
This position represents 6.21% of Irenic Acquisition Corp.’s Class A ordinary shares. The filing states that each AQR entity has 0 shares with sole voting or dispositive power and 1,611,286 shares with shared voting and shared dispositive power, reflecting coordinated investment authority across the AQR entities.
Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander report beneficial ownership of 950,000 Class A Ordinary Shares of Irenic Acquisition Corp., representing 3.7% of the class as of June 30, 2026. All reported shares are subject to shared voting and dispositive power, with no sole voting or dispositive power reported for any filer. The shares are held by entities over which Millennium Management LLC and related investment managers exercise voting control and investment discretion, and Mr. Englander is the sole voting trustee of the managing member of Millennium Group Management LLC. The filers state that this should not, by itself, be construed as an admission of beneficial ownership and that their holdings represent 5 percent or less of the class, documented in a joint filing agreement dated August 11, 2026.
Adage Capital Management, L.P. and related reporting persons disclosed a passive ownership stake in Irenic Acquisition Corp. They report beneficial ownership of 1,980,000 Class A Ordinary Shares, representing 7.63% of the class, based on 25,958,252 shares outstanding as of May 1, 2026.
The shares are held by Adage Capital Partners, L.P., with no sole voting or dispositive power reported and shared voting and dispositive power over all 1,980,000 shares attributed to Adage Capital Management, Robert Atchinson, and Phillip Gross in their respective managerial capacities.
Irenic Acquisition Corp., a blank check company, has announced that the units from its initial public offering will begin separate trading. Starting June 18, 2026, holders of units may elect to trade the Class A ordinary shares and the warrants independently.
Each unit consists of one Class A ordinary share with a par value of $0.0001 and one-third of one redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50 per share. Separated shares and warrants are expected to trade on the Nasdaq Global Market under symbols IACQ and IACQW, while units continue under IACQU.
Irenic Acquisition Corp. reports that underwriters partially exercised their over-allotment option, leading to the sale of 3,253,188 additional units at $10.00 each for gross proceeds of $32,531,880. The company also sold 65,064 additional Private Placement Units at $10.00 each, adding $650,640. Together with its IPO, this increased cash in the trust account to $252,531,882, while the sponsor forfeited 11,703 founder shares, resulting in 6,313,297 founder shares outstanding.
Irenic Acquisition Corp., a Cayman Islands-based special purpose acquisition company, has completed its initial public offering and a partial over-allotment, raising a total of $252,531,880 by selling 25,253,188 units at $10.00 each. Each unit includes one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share. After the base IPO and private placements, $220,000,000 was initially placed in a U.S. trust account, which increased to $252,531,880 following the sale of 3,253,188 over-allotment units and additional private placement units. The SPAC has 24 months from the IPO closing to complete a business combination, with public shareholders entitled to redeem their shares for their pro rata share of the trust, initially $10.00 per share.
Irenic Acquisition Corp. Schedule 13G: Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander report shared beneficial ownership of 1,415,226 Class A Ordinary Shares, representing 6.3% of the class as shown on the cover page, with an effective date of 04/28/2026. The filing states the shares are held by entities subject to voting and investment discretion by Millennium and related managers and includes a Joint Filing Agreement dated May 4, 2026.
Irenic Sponsor, LLC has filed a Schedule 13D reporting significant ownership in Irenic Acquisition Corp. The sponsor beneficially owns 6,765,829 shares, representing 20.97% of the company’s ordinary share classes, through a combination of Class B founder shares and Class A shares from private placement units.
The sponsor initially bought founder shares for $25,000 and later purchased private placement units totaling $4,525,320. These units include Class A shares and warrants with transfer restrictions and registration rights. The sponsor has also agreed to voting, lock-up, redemption waivers, and registration rights arrangements that align it with completing a future business combination.