| Balance Sheets | 2026-05-31 | 2026-02-28 | ||
|---|---|---|---|---|
| Cash | 46,833 | 718,100 | ||
| Notes receivable | 255,000 | - | ||
| Prepaid expenses | 146,539 | 178,108 | ||
| Total current assets | 448,372 | 896,208 | ||
| Long-term prepaid insurance | 45,613 | 66,613 | ||
| Cash and investments held in trust account | 233,536,448 | 231,461,856 | ||
| Total assets | 234,030,433 | 232,424,677 | ||
| Accounts payable and accrued expenses | 75,870 | 102,784 | ||
| Accrued offering costs | 75,000 | 75,000 | ||
| Due to sponsor | 1,762 | 1,762 | ||
| Total current liabilities | 152,632 | 179,546 | ||
| Deferred legal fee noncurrent | 331,571 | - | ||
| Deferred underwriting fee | 10,950,000 | 10,950,000 | ||
| Total liabilities | 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 10.15 and 0 per share at may 31, 2026 and november 30, 2025, respectively | 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 may 31, 2026 and november 30, 2025, respectively | 632 | 632 | ||
| Accumulated deficit | -10,940,850 | -10,167,357 | ||
| Total shareholders deficit | -10,940,218 | -10,166,725 | ||
| Total liabilities, ordinary shares subject to possible redemption, and shareholders deficit | 234,030,433 | 232,424,677 | ||
Iron Horse Acquisition II Corp. (IRHO)
Iron Horse Acquisition II Corp. (IRHO)