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Integrated Rail and Resources Acquisition Corp. (IRRX) has announced an extension of its deadline to complete a business combination. The company's sponsor, DHIP Natural Resources Investments, , has notified the company of its intention to extend the time available for consummating a business combination from September 15, 2024, to October 15, 2024.
IRRX is a blank check company formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination. While it may pursue targets in any industry, the company's focus is on natural resources, railroads, and/or railroad logistics companies, or combinations thereof.
This announcement is made in accordance with Rule 135 under the Securities Act of 1933 and does not constitute an offer to sell or solicit offers to buy securities.
Tar Sands Holdings II (TSHII) and Integrated Rail and Resources Acquisition Corp. (IRRX) have announced a Business Combination Agreement, leading to a merger and subsequent NASDAQ listing. TSHII owns refining assets, real estate, and mining rights in Vernal, Utah. The company is in negotiations with a global integrated energy company to be an anchor feedstock supplier and product off-taker.
IRRX Chairman and CEO, Mark Michel, highlighted the deal's significance for restarting and optimizing the refinery, emphasizing job creation and economic development in the Uinta Basin. The transaction aims to unlock stranded commodities and natural resources, improving market access through transportation optimizations and new infrastructure.
The Business Combination is subject to regulatory approvals, IRRX shareholder approval, and other closing conditions. IRRX also announced an extension of the time available to consummate the business combination from August 15, 2024, to September 15, 2024.
Integrated Rail and Resources Acquisition Corp. (IRRX) has announced an extension for completing a business combination. Originally set to finalize by July 15, 2024, the new deadline is now August 15, 2024. This extension, agreed upon by the Company's sponsor, DHIP Natural Resources Investments, , allows IRRX more time to secure a suitable merger or acquisition. Established as a blank check company, IRRX aims to merge with businesses in natural resources, railroads, or railroad logistics. This announcement follows the Investment Management Trust Agreement with American Stock Transfer & Trust Company, , initially signed on November 11, 2021, and amended on February 8, 2024. Note, this press release is not an offer to buy or sell securities but a compliance notice under the Securities Act of 1933. For inquiries, contact William Lane at wlane@dhipgroup.com.
Integrated Rail and Resources Acquisition Corp. (IRRX) announced an extension of their deadline to complete a business combination from June 15, 2024, to July 15, 2024.
This extension is in line with the Investment Management Trust Agreement with American Stock Transfer & Trust Company, signed in 2021 and amended in 2023.
As a blank check company, IRRX is focused on merging or acquiring businesses in natural resources, railroads, and railroad logistics. This extension provides IRRX additional time to finalize a suitable business combination.
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