IRAB Form 4 reports multiple insider transactions
Iris Acquisition Holdings II LLC reported multiple insider transaction types in a Form 4 filing for IRAB.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Net Buyer: 376,500 shares
Net Buy
3 txns
Insider
Iris Acquisition Holdings II LLC
Role
10% Owner
Bought
376,500 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class B Ordinary Shares | 133,333 | $0.00 | $0.00 |
| Purchase | Warrants to purchase Class A ordinary shares | 125,500 | $0.00 | $0.00 |
| Purchase | Class A ordinary shares | 251,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Ordinary Shares — 5,616,667 contracts (Direct);
Warrants to purchase Class A ordinary shares — 125,500 contracts (Direct);
Class A ordinary shares — 251,000 shares (Direct)
Footnotes (3)
- F1. Reflects the 251,000 private units purchased by Iris Acquisition Holdings II LLC, the Issuer's sponsor ("Sponsor") pursuant to the Private Placement Units Purchase Agreement dated February 4, 2026 entered into with the Issuer. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $2,510,000.
- F2. On July 15, 2025, the Sponsor purchased 5,750,000 Class B Ordinary Shares, par value $0.0001 per share (the "Class B Ordinary Shares") from the Issuer for an aggregate purchase price of $25,000 as pursuant to a Securities Subscription Agreement (the, of which up to 750,000 of the Class B Ordinary Shares were subject to forfeiture depending on the extent to which the Issuer's underwriters' over-allotment option was exercised during the Issuer's initial public offering. The underwriters' over-allotment option was partially exercised on February 4, 2026 and therefore 133,333 Class B Ordinary shares of the Sponsor were forfeited. The Class B Ordinary Shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to adjustments. The Class B Ordinary Shares have no expiration date.
- F3. The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Iris Acquisition Holdings II LLC report for IRAB?
Iris Acquisition Holdings II LLC reported buying 251,000 private units and related 125,500 warrants, and forfeiting 133,333 Class B ordinary shares. These moves reflect sponsor funding of Iris Acquisition Corp and an automatic adjustment tied to the IPO over-allotment option mechanics.
What are the terms of the warrants acquired by the IRAB sponsor in the private units?
Each whole warrant from the private units allows purchase of one Class A ordinary share at $11.50 per share. These warrants become exercisable 30 days after completion of the initial business combination and expire five years later, or earlier upon redemption or the company’s liquidation.
How much cash did Iris Acquisition Holdings II LLC commit in the private placement for IRAB?
The sponsor committed $2,510,000 through the purchase of 251,000 private units at $10.00 per unit. Each unit includes one Class A ordinary share and one-half warrant, providing both immediate equity and potential future share purchases via the attached warrants.
AI-generated analysis. How Rhea-AI works. Not financial advice.
