Iron Horse Acquisitions Corp Prices 6.1M Unit IPO at $10/unit

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Iron Horse Acquisitions Corp Prices 6.1M Unit IPO at $10/unit
Credit: © Reuters.

Iron Horse Acquisitions Corp. (IROHU) announced today that it priced its initial public offering of 6,100,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“NASDAQ”) and trade under the ticker symbol “IROHU” beginning December 27, 2023. Each unit consists of one share of common stock, one warrant, and one right entitling the holder to receive one-fifth (1/5) of one share of common stock upon consummation of an initial business combination. Once the securities comprising the units begin separate trading, the common stock, warrants and rights will be traded on NASDAQ under the symbols “IROH,” “IROHW,” and “IROHR,” respectively.

EF Hutton LLC, is acting as sole book-running manager in the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC, is acting as co-manager in the offering. The underwriter has been granted a 45-day option to purchase up to an additional 900,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on December 28, 2023, subject to customary closing conditions.

A registration statement on Form S-1 and a registration statement on Form S-1MEF relating to these securities have been filed with the U.S. Securities and Exchange Commission (“SEC”) and were declared effective on December 26, 2023 and December 27, 2023, respectively. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EF Hutton, Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at syndicate@efhuttongroup.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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