Iris Acquisition Corp II reported that beginning February 24, 2026, holders of its NYSE-listed units can choose to separately trade the Class A ordinary shares and warrants included in those units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
Each whole warrant allows the purchase of one Class A ordinary share at $11.50 per share, subject to adjustment. Units will keep trading under the symbol IRAB U, while separated Class A shares and warrants will trade on the NYSE under IRAB and IRAB WS, respectively.
Iris Acquisition Corp officer Omkar Halady filed an initial Form 3 insider report. As vice president and secretary, he reported that he beneficially owns no non-derivative or derivative securities of Iris Acquisition Corp as of the February 2, 2026 event date.
Iris Acquisition Corp’s Chief Financial Officer, Lisha Parmar, filed an initial insider ownership report. The Form 3 states that no securities of Iris Acquisition Corp are beneficially owned, and both the non-derivative and derivative tables contain no holdings.
Iris Acquisition CorpManish C. Shah filed an initial insider ownership report. As of the event date of 02/02/2026, he reports that he beneficially owns no securities of Iris Acquisition Corp. This filing establishes his starting ownership position as a director.
Iris Acquisition Corp II, a Cayman Islands-based SPAC, reported that it completed its initial public offering of 16,850,000 units, including an over-allotment, at $10.00 per unit, generating $168,500,000 in gross proceeds. Each unit includes one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share.
The company also closed a private placement of 438,000 units for $4,380,000, split between the sponsor and underwriter. A total of $168,500,000 was placed in a trust account at $10.00 per public share, to be used for a future business combination within 24 months or returned to public shareholders via redemption.
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 Corp II, a newly formed special purpose acquisition company, completed its initial public offering. The company sold 16,850,000 units at $10.00 per unit, including 1,850,000 units from a partial over-allotment exercise, generating gross proceeds of $168,500,000.
Each unit contains one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share. A total of $168,500,000 from the IPO and related private placement was deposited into a trust account for the benefit of public shareholders.
The company also completed a private placement of 438,000 units for $4,380,000, appointed four new directors, and adopted amended and restated charter documents in connection with the IPO.
Nanani Rohit 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.
Mehta Sumit 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.
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.