Irenic Acquisition Corp. (IACQ)

Irenic Acquisition Corp. is a special purpose acquisition company, or blank-check company, created to raise money through an initial public offering and then combine with one or more operating businesses through a merger, share exchange, asset acquisition or similar transaction.

As a SPAC, the company has no business operations. The proceeds of its offering are held in a trust account pending a business combination, and holders of its Class A ordinary shares generally may redeem their shares when a deal is presented or if none is completed in time. The shares trade on the Nasdaq under the ticker IACQ.