Integrated Rail and Resources Acquisition announced today it has confidentially submitted a draft registration statement with the SEC to offer 27.5 million units. Priced at $10, a unit consists of one share of Class A common stock and one-half of one redeemable warrant.
The new SPAC said it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations of such companies.
The SPAC intends to apply for a listing on the NYSE. Read more.
