Integrated Rail and Resources Acquisition Corp. Announces Extension

Rhea-AI Summary

Integrated Rail and Resources Acquisition Corp. (IRRX) received notice to extend the time for consummating a business combination. The company is a blank check company focusing on natural resources, railroads, and railroad logistics. The announcement does not constitute an offer to sell or buy any securities.

WINTER PARK, Fla.--(BUSINESS WIRE)-- Pursuant to the Investment Management Trust Agreement between Integrated Rail and Resources Acquisition Corp. (NYSE: IRRX) (“Company”) and American Stock Transfer & Trust Company, LLC, dated as of November 11, 2021, as amended on February 8, 2023 (the “Trust Agreement”), the Company received notice from the Company’s sponsor, DHIP Natural Resources Investments, LLC, at least five (5) days prior to January 15, 2024, that the Company intends to extend the time available in order to consummate a business combination from January 15, 2024 to February 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240109527074/en/

William Lane

wlane@dhipgroup.com

Source: Integrated Rail and Resources Acquisition Corp.

FAQ

What is the purpose of Integrated Rail and Resources Acquisition Corp. (IRRX)?

The company is formed for effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

What industries does Integrated Rail and Resources Acquisition Corp. (IRRX) focus on?

The company intends to focus its search on natural resources, railroads, and/or railroad logistics companies.

Does the announcement constitute an offer to sell or buy securities?

No, the press release clearly states that it does not constitute an offer to sell or buy any securities.

What is the purpose of the Trust Agreement mentioned in the press release?

The Trust Agreement is related to the time extension for consummating a business combination.

What is the ticker symbol of Integrated Rail and Resources Acquisition Corp.?

The ticker symbol is IRRX.