Integrated Rail and Resources Acquisition Corp. Announces Extension

Rhea-AI Summary

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.

WINTER PARK, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Pursuant to the Investment Management Trust Agreement between Integrated Rail and Resources Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC, dated as of November 11, 2021, as amended on February 8, 2024, the Company received notice from the Company’s sponsor, DHIP Natural Resources Investments, LLC, that the Company intends to extend the time available in order to consummate a business combination from July 15, 2024 to August 15, 2024.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Contact: William Lane
wlane@dhipgroup.com

FAQ

What is the new deadline for IRRX's business combination?

The new deadline for Integrated Rail and Resources Acquisition Corp. (IRRX) to complete its business combination is August 15, 2024.

Who is the sponsor for IRRX's extension announcement?

The sponsor for Integrated Rail and Resources Acquisition Corp.'s extension announcement is DHIP Natural Resources Investments,

What industries is IRRX focusing on for its business combination?

Integrated Rail and Resources Acquisition Corp. (IRRX) is focusing on merging with businesses in natural resources, railroads, or railroad logistics.

When was the original deadline for IRRX's business combination?

The original deadline for Integrated Rail and Resources Acquisition Corp. (IRRX) to complete its business combination was July 15, 2024.

What agreement governs the extension of IRRX's business combination deadline?

The extension of IRRX's business combination deadline is governed by the Investment Management Trust Agreement with American Stock Transfer & Trust Company, , dated November 11, 2021, and amended on February 8, 2024.

Is the recent press release an offer to buy or sell IRRX securities?

No, the recent press release from Integrated Rail and Resources Acquisition Corp. (IRRX) is not an offer to buy or sell securities.