Integrated Rail and Resources Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “IRRX.U” Friday, November 12.
The new SPAC intends to focus on companies that produce bulk commodities and/or transports bulk commodities, with a particular focus on businesses that integrate natural resources and transportation services. Integrated Rail and Resources is led by CEO and Chairman Richard D. Bertel, President, COO and Vice Chairman Mark A. Michel, SVP and CFO Chris A. Bertel, SVP and Chief Acquisition Officer Timothy J. Fisher, SVP and General Counsel Robert L. Bach, VP of Infrastructure Analysis Mark W. Hemphill, and VP of Commercial Analysis Michael Haeg.
Total SPAC deal count for 2021 year-to-date is now 540. This offering is expected to close on Tuesday, November 16.
Stifel, Nicolaus & Company, Incorporated is serving as sole book-running manager for the initial public offering and Roberts and Ryan Investments, Inc. is acting as a co-manager. Reed Smith LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...