Aristeia Capital (IRAB) files Schedule 13G for 1.15M Units stake

Rhea-AI Filing Summary

Iris Acquisition Corp II reports a Schedule 13G filing showing Aristeia Capital, L.L.C. beneficially owns 1,152,750 Units. The filing states this equals 6.67% of the Class A ordinary shares outstanding, based on 17,288,000 shares outstanding as of March 26, 2026. The reported position carries sole voting and sole dispositive power for all 1,152,750 Units and is signed by Andrew B. David as COO of Aristeia Capital, L.L.C.

Insights

Institutional Ownership Analyst

Aristeia holds a meaningful minority stake (6.67%) disclosed via Schedule 13G.

The filing documents an institutional beneficial ownership position of 1,152,750 Units representing 6.67% of outstanding shares as of March 26, 2026. The Schedule 13G format indicates a passive investor reporting regime rather than an active Schedule 13D takeover posture.

Key dependencies include the issuer's outstanding share count cited from the 10-K and the trustee/issuer unit structure; subsequent filings could update ownership percentages or voting arrangements.

Corporate Governance Specialist

Filing shows sole voting and dispositive authority for the reported Units.

The Schedule 13G lists sole power to vote and to dispose of 1,152,750 Units, so the reporting entity exercises direct control over those securities. The CUSIP G4940M125 and the issuer address are provided in the filing.

Material changes would appear in amendments to the 13G or a switch to Schedule 13D; timing and any future transfers are not disclosed here.

Key Figures

Beneficial ownership: 1,152,750 Units Percent of class: 6.67% Shares outstanding: 17,288,000 shares +3 more

6 metrics

Beneficial ownership 1,152,750 Units Schedule 13G filing for Iris Acquisition Corp II

Percent of class 6.67% Calculated using 17,288,000 shares outstanding as of March 26, 2026

Shares outstanding 17,288,000 shares Outstanding as of March 26, 2026 (issuer 10-K cited)

Sole voting power 1,152,750 shares Number with sole power to vote as reported in Item 4

Sole dispositive power 1,152,750 shares Number with sole power to dispose as reported in Item 4

CUSIP G4940M125 Units each consisting of one Class A share and one-half warrant

Key Terms

Schedule 13G, Units, Beneficially owned, Dispositive power

4 terms

Schedule 13G regulatory

"Item 1. | (a) | Name of issuer: Iris Acquisition Corp"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Units financial

"Title of class of securities: Units, each consisting of one Class A ordinary share"

Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.

Beneficially owned regulatory

"Amount beneficially owned: 1,152,750 The Reporting Person may be deemed"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 1,152,750"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 09:04 AM Learn about SEC filing dates

FAQ

What stake does Aristeia Capital report in IRAB?

Aristeia Capital reports beneficial ownership of 1,152,750 Units, representing 6.67% of the Class A ordinary shares outstanding as of March 26, 2026. The figure is taken from the issuer's 10-K cited in the filing.

What voting and disposition powers does Aristeia Capital hold for IRAB?

The filing states Aristeia Capital has sole voting power and sole dispositive power over 1,152,750 Units. Shared voting or dispositive powers are reported as 0 in the Schedule 13G.

How was the 6.67% ownership percentage calculated?

The percentage is calculated by dividing 1,152,750 by the issuer's reported 17,288,000 shares outstanding as of March 26, 2026, per the issuer's 10-K referenced in the filing.

Does this Schedule 13G indicate activist intent or control change for IRAB?

A Schedule 13G generally indicates passive institutional ownership; the filing lists beneficial ownership and sole power details but does not assert an intent to influence control. No Schedule 13D is filed here.

Who signed the Schedule 13G for Aristeia Capital?

The filing is signed by Andrew B. David, titled Chief Operating Officer of Aristeia Capital, L.L.C., with an execution date of May 14, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Iris Acquisition Corp II

(Name of Issuer)

Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant

(Title of Class of Securities)

G4940M125

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G4940M125

1

Names of Reporting Persons

Aristeia Capital, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,152,750.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,152,750.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,152,750.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.67 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Iris Acquisition Corp II
(b)	Address of issuer's principal executive offices: OT 09-31, Central Park Towers Offices, Dubai International Financial Centre, PO Box 941641, Dubai, United Arab Emirates
Item 2.
(a)	Name of person filing: Aristeia Capital, L.L.C.
(b)	Address or principal business office or, if none, residence: One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)	Citizenship: Delaware
(d)	Title of class of securities: Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant
(e)	CUSIP Number(s): G4940M125
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,152,750 The Reporting Person may be deemed the beneficial owner of 1,152,750 Units, Unit, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant, which is approximately 6.67% of the outstanding shares. This percentage was determined by dividing 1,152,750 by 17,288,000, which is the number of shares outstanding as of March 26, 2026, as reported in the Issuer's 10-K filed with the SEC on March 26, 2026.
(b)	Percent of class: 6.67%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,152,750
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,152,750
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Aristeia Capital, L.L.C.

Signature:	/s/ Andrew B. David
Name/Title:	Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
Date:	05/14/2026