Iris Acquisition Corp. II (IRAB.U) Prices $150M IPO
Iris Acquisition Corp II (NYSE:IRAB.U) announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “IRAB.U”, Tuesday, February 3, 2026.
The new SPAC plans to mount a generalist search for a combination target that is poised to grow through the application of technology.
Iris Acquisition Corp. II is to be led by Chief Executive Officer Sumit Mehta, Chief Financial Officer Lisha Parmar, Vice President and Secretary Omkar Halady, and Chairman Rohit Nanani. Manish Shah, Janine Yorio, Allen Wang, and Robert Henry are expected to serve on the SPAC’s Board.
Total SPAC deal count for 2025 year-to-date is now 26. This offering is expected to close on Wednesday, February 4, 2026.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLC is serving as Issuer’s Counsel with Ropes & Gray LLC serving as Underwriter’s Counsel. KNAV CPA serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.
