Iris Acquisition Corp II received a Schedule 13G reporting that Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah beneficially own 1,000,000 Class A ordinary shares in unit form, representing 6.5% of the class.
The units each contain one Class A share and one-half of one redeemable warrant and are held directly by Tenor Opportunity Master Fund, Ltd. The 6.5% figure is based on 15,401,000 units issued and outstanding, as stated in the issuer’s prospectus filed on February 3, 2026.
Tenor Capital acts as investment manager to the master fund, and Shah is the managing member of the general partner of Tenor Capital. The reporting persons may be deemed to share voting and dispositive power over the reported shares but expressly disclaim beneficial ownership except to the extent of their pecuniary interest. They certify the holdings were not acquired to change or influence control of the issuer.
Iris Acquisition Holdings II LLC reported multiple insider transaction types in a Form 4 filing for IRAB. The filing lists transactions totaling 509,833 shares. Following the reported transactions, holdings were 5,616,667 shares.