Iris Acquisition Corp II Form 8-K — Oct 23, 2026
Iris Acquisition Corp II issued an unsecured promissory note for up to $250,000 to Harraden Circle entities on October 20, 2026, to cover company expenses and general corporate purposes ahead of a business combination. The note bears no interest, but if a business combination closes on or before December 31, 2027, the lenders receive an additional return equal to 150% of principal, rising to 250% if the deal closes later.
Key figures
- Debt Amount
- 250000
- Interest Rate
- 0
- Maturity Date
- Earlier of business combination consummation or liquidation
- Minimum drawdown
- 10000
- Trust account initial amount
- $150,000,000
- Additional return if deal by 2027 12 31
- 150% of principal
- Additional return if deal after 2027 12 31
- 250% of principal
AI analysis
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