Iris Acquisition IRAB

Iris Acquisition Corp II is a blank check company also known as a special purpose acquisition company incorporated on July 8 2025 under the laws of the Cayman Islands as an exempted company The entity was formed with the sole purpose of effecting a merger amalgamation share exchange asset acquisition share purchase recapitalization reorganization or any similar business combination with one or more businesses The company has not yet identified a specific target for its initial business combination and to date its activities have been limited to organizational matters and tasks related to its initial public offering Iris Acquisition Corp II describes itself as a globally focused special purpose acquisition company that follows a generalist investment approach seeking to partner with a high quality small to mid market company that is ready to unlock accelerated growth through a public listing While it is not restricted to any particular industry or geographic region the firm states that it will be highly selective in choosing businesses that match its investment philosophy operational discipline and long term value creation strategy The sponsor and its principals may from time to time become aware of potential opportunities but no substantive discussions have occurred between officers directors promoters or affiliates and their contacts regarding a possible business combination as of the date of the filing

Iris Acquisition Corp II does not generate revenue from the sale of products or services because it has no ongoing operations prior to completing a business combination Its primary source of funds consists of the gross proceeds received from its initial public offering and the concurrent private placement of units which were placed into a segregated trust account maintained by Odyssey Transfer & Trust Company acting as trustee The trust account holds approximately $168 500 000 which is invested solely in specified United States government treasury bills The company may earn interest on these funds while it searches for a suitable target If a business combination is ultimately completed the company anticipates that it will begin to generate revenue from the operations of the acquired business although no specific revenue streams are described at this stage Until such a transaction occurs the firm’s financial activity is limited to interest income on the trust balance and the costs associated with being a public company

Iris Acquisition Corp II operates in the highly competitive special purpose acquisition company market where numerous blank check companies vie for attractive acquisition targets The firm differentiates itself through the experience and network of its management team which includes professionals with backgrounds in private equity investment banking real estate digital platforms and technology The team previously sponsored and led Iris Acquisition Corp a $276 million special purpose acquisition company that successfully completed a business combination with Liminatus Pharma Inc demonstrating its ability to source execute and integrate transactions The company’s leadership is based in Dubai and offers a platform focused on growth oriented cross border investments This geographic base combined with the team’s international transaction experience provides a competitive advantage in identifying opportunities across North America the Middle East Asia and Europe While many competitors possess greater financial resources Iris Acquisition Corp II emphasizes its disciplined investment framework its focus on companies with recurring revenue models positive cash flow trajectories and strong management teams as key factors that may allow it to attract high quality targets despite its relatively modest trust size

The company’s customer base consists primarily of the public shareholders who purchased its units in the initial public offering and who hold a claim on the pro rata share of the trust account funds In addition Iris Acquisition Corp II seeks to serve private businesses that are looking for an alternative route to becoming a public entity through a merger or similar transaction These target companies benefit from the sponsor’s operational expertise access to capital markets and the ability to use a publicly traded currency for future growth The firm also interacts with professional advisors such as investment banks law firms accounting firms and private equity funds that may present potential acquisition candidates Although no specific customer names are disclosed because the company has not yet completed a business combination the described groups represent the parties with which Iris Acquisition Corp II intends to engage throughout its search and eventual de‑SPAC process