IRHO · NASDAQ · Shell Companies

Iron Horse Acquisitions II (IRHO)

Pursues a business combination through a publicly traded blank-check vehicle.

$10.05
At close+0.01 (+0.10%)
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Iron Horse Acquisitions II Corp. Common StockIRHOFinancials

Operates a blank-check vehicle that manages trust assets while seeking an initial business combination, with no products or sales revenue. A proposed Electra Vehicles acquisition is contingent on shareholder, regulatory, and Nasdaq approvals.

Operates as a Cayman Islands blank-check company that manages IPO trust assets and seeks an initial business combination. It has no products, customers, operating segments, or sales revenue; recurring income comes from yield on trust investments, offset by formation, transaction, and general operating costs.

Uses a search mandate that can reach any industry or geography, though it initially emphasized media and entertainment. A proposed acquisition of Electra Vehicles remains subject to shareholder, regulatory, and Nasdaq approvals; until closing, Electra's battery-intelligence software and business are not current operations. Public shareholders retain redemption and voting rights, and failure to complete a qualifying combination by the allowed deadline requires redemption and liquidation.

Company facts

CEOJose Antonio Bengochea
ListedFeb 6, 2026
ExchangeNASDAQ
HeadquartersBoca Raton, FL
CountryUnited States
Employees2
CIK0002051985
ISINUS46283H1032

Market cap$235.3M
EPS (ttm)$0.0823
P/E (ttm)122.11
ROE2.3%
P/B1.32
P/S0.00
Dividend yieldDiv yield
Beta0.00vs XLF −0.00

No analyst consensus on record.

EPSReportedEstimate

FY25
Reported−$0.01
Estimate
Surprise

RevenueReportedEstimate

FY25
Reported$0
Estimate
Surprise
Estimate
Reported−$0.01
Estimate
Reported$0
View details

Debt to equity0.00%
Current ratio293.80%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0
Net income−$72.7K−$23.2K−$71.5K−$37.1K$1.4M$1.3M
Net margin

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$72.7K$0−$71.5K−$37.1K−$278.0K−$773.5K
YoY growth

Balance sheet, May 31, 2026Cash & short-term investments $46.8K · Total debt $0 · Total assets $234.0M · Shareholders' equity $222.6M

Revenue
$0
Operating income
−$773.5K
Net income
$1.3M
View details

No dividends on record.

Institutions43 holders · as of Mar 31, 202664.95%15.21M shares
Otherremainder35.05%8.21M shares

23.42M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Linden Advisors LPInstitution
6.41%1.50M13Fas of Mar 31, 2026
Magnetar Financial LLCInstitution
6.41%1.50M13Fas of Mar 31, 2026
AQR Arbitrage LLCInstitution
3.96%927,20113Fas of Mar 31, 2026
Picton Mahoney Asset ManagementInstitution
3.84%900,00013Fas of Mar 31, 2026
Polar Asset Management Partners Inc.Institution
3.42%800,00013Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.