For the quarter ending 2025-09-30, IRRX has $677,485 in assets. $31,610,267 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 4,458 | 20,313 | ||
| Total current assets | 4,458 | 20,313 | ||
| Investments held in trust account | 673,027 | 666,143 | ||
| Total assets | 677,485 | 686,456 | ||
| Accounts payable and accrued expenses | 3,451,272 | 2,771,011 | ||
| Accrued franchise tax | 6,088 | 10,288 | ||
| Redemptions payable | 233,794 | 233,624 | ||
| Accrued excise tax | 3,145,785 | 3,077,899 | ||
| Income taxes payable | 289,815 | 287,454 | ||
| Advances from related parties-Related Party | 100,770 | 100,770 | ||
| Note payablesponsor-Sponsor | 5,393,225 | 5,393,225 | ||
| Note payablerelated party-Related Party | 2,054,710 | 1,829,710 | ||
| Convertible promissory note, net of debt discount | 1,490,459 | 1,471,784 | ||
| Conversion event liability | 688,414 | 702,878 | ||
| Working capital loanrelated party-Related Party | 17,935 | 17,935 | ||
| Total current liabilities | 16,872,267 | 15,896,578 | ||
| Warrant liabilities | 6,688,000 | 13,668,000 | ||
| Deferred underwriting fee payable | 8,050,000 | 8,050,000 | ||
| Total liabilities | 31,610,267 | 37,614,578 | ||
| Class a common stock subject to possible redemption. 25,561 and 249,659 shares at redemption value of approximately 15.48 and 12.61 per share at september 30, 2025 and december 31, 2024, respectively | 395,746 | 387,193 | ||
| Common stock, value-Common Class A | 575 | 575 | ||
| Accumulated deficit | -31,329,103 | -37,315,890 | ||
| Total stockholders deficit | -31,328,528 | -37,315,315 | ||
| Total liabilities, class a common stock subject to possible redemption and stockholders deficit | 677,485 | 686,456 | ||
INTEGRATED RAIL & RESOURCES ACQUISITION CORP (IRRX)
INTEGRATED RAIL & RESOURCES ACQUISITION CORP (IRRX)