Iris Acquisition Corp II (IRAB)

Iris Acquisition Corp II is a special purpose acquisition company, also known as a blank-check company. It was formed to raise capital through an initial public offering and then use the proceeds to complete a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses.

Its Class A ordinary shares trade on the NYSE. The company does not operate a business of its own, and the funds raised in its offering are held in a trust account until a business combination is completed or the company is liquidated in accordance with its charter.