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Iron Horse Acquisition II Corp. (IRHO)

Iron Horse Acquisition II Corp. (IRHO)

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Balance Sheets Overview

Current Ratio
174.78%
Quick Ratio
174.78%
Debt to Asset Ratio
4.91%
Unit: Dollar
Assets Breakdown
    • Cash and investments held in tru...
    • Notes receivable
    • Prepaid expenses
    • Others
Liabilities Breakdown
    • Ordinary shares subject to possi...
    • Accumulated deficit
    • Deferred underwriting fee
    • Others
Balance Sheets
2026-08-31
2026-05-31
2026-02-28
Cash
1,522
46,833
718,100
Notes receivable
255,000
255,000
-
Prepaid expenses
129,668
146,539
178,108
Total current assets
386,190
448,372
896,208
Long-term prepaid insurance
24,613
45,613
66,613
Cash and investments held in trust account
235,645,815
233,536,448
231,461,856
Total assets
236,056,618
234,030,433
232,424,677
Accrued expenses
18,603
-
-
Accounts payable and accrued expenses
-
75,870
102,784
Accrued expenses related party
101,804
-
-
Accrued offering costs
75,000
75,000
75,000
Due to sponsor
25,545
1,762
1,762
Total current liabilities
220,952
152,632
179,546
Deferred legal fees
413,467
331,571
-
Deferred underwriting fee
10,950,000
10,950,000
10,950,000
Total liabilities
11,584,419
11,434,203
11,129,546
Ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 and no shares at redemption value of approximately 10.25 and 0 per share at august 31, 2026 and november 30, 2025, respectively
235,645,815
233,536,448
231,461,856
Ordinary shares, 0.0001 par value 50,000,000 shares authorized 6,320,000 and 5,750,000 shares issued and outstanding (excluding 23,000,000 and no shares subject to possible redemption) at august 31, 2026 and november 30, 2025, respectively
632
632
632
Accumulated deficit
-11,174,248
-10,940,850
-10,167,357
Total shareholders deficit
-11,173,616
-10,940,218
-10,166,725
Total liabilities, ordinary shares subject to possible redemption, and shareholders deficit
236,056,618
234,030,433
232,424,677
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

IRHO Balance Sheet Sankey DiagramSankey diagram visualizing IRHO balance sheet for the periodNotes receivable$255,000 Prepaid expenses$129,668 Cash$1,522 Cash and investmentsheld in trust account$235,645,815 Total current assets$386,190 Long-term prepaidinsurance$24,613 Total assets$236,056,618 Accumulated deficit-$11,174,248 Total liabilities,ordinary shares subject...$236,056,618 Total shareholdersdeficit-$11,173,616 Ordinary shares, 0.0001par value...$632 Ordinary shares subjectto possible...$235,645,815 Total liabilities$11,584,419 Deferred underwritingfee$10,950,000 Deferred legal fees$413,467 Total currentliabilities$220,952 Accrued expenses related party$101,804 Accrued offering costs$75,000 Due to sponsor$25,545 Accrued expenses$18,603