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IROHU

Iron Horse Acquisitions Corp

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Trading for the IPO security IROHU was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:35 pm

Iron Horse Acquisitions Corp. (NASDAQ:IROHU) has priced its initial public offering (IPO) at $10 per unit, aiming to raise $61 million through the sale of 6.1 million units. Each unit includes one share of common stock, one warrant, and one right to receive one-fifth of a share upon a business combination. The units will trade on NASDAQ under the symbol 'IROHU' starting December 27, 2023, with separate trading of the common stock, warrants, and rights under the symbols 'IROH', 'IROHW', and 'IROHR'. EF Hutton LLC is the sole book-running manager, and Brookline Capital Markets is the co-manager. The underwriters have an option to purchase up to an additional 900,000 units to cover over-allotments. The offering is expected to close on December 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:09 pm

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