Iris Acquisition Corp II Announces $150M IPO Pricing

SPAC
SPAC
Initial Public Offering / IPO SPAC
Initial Public Offering / IPO SPAC
Unit Split:
Feb 24, 2026
Industry:
BLANK CHECKS

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Iris Acquisition Corp II Prices $150 Million Initial Public Offering

Dubai, United Arab Emirates - February 2, 2026 - Iris Acquisition Corp II (NYSE: IRABU), a newly formed special purpose acquisition company (SPAC), today announced the pricing of its initial public offering of 15,000,000 units at an offering price of $10.00 per unit, totaling $150,000,000.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder to purchase one Class A ordinary share at $11.50 per share, becoming exercisable on the later of the completion of the Company's initial business combination or 12 months after the effective date of the registration statement (January 30, 2026).

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About

Iris Acquisition Corp II, a Cayman Islands exempted company (the “Company”), is a newly organized blank check company or special purpose acquisition company (“SPAC”), formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our “initial business combination.” We have not selected any specific business combination target. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We are a globally focused SPAC with a generalist investment approach, seeking to identify and combine with a high-quality, mid-market company that is poised to unlock accelerated growth through a public listing. While we are not limited to any particular sector or region, we are highly selective in identifying businesses that align with our investment philosophy, operational rigor, and long-term value creation strategy.

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