Iron Horse Acquisitions registered with the SEDC to offer 10 million units at $10 each, with each unit consisting of a share and a warrant.
Initial stockholders, BTIG, LLC and EarlyBirdCapital, the representatives of the underwriters, have committed to purchase 5 million warrants at $1 each in a private placement that will occur simultaneously with the closing of the offering.
Iron Horse in the S-1 filing said it intends “to search globally for target companies within the M&E industry with a primary focus on the United States, and in particular on identifying attractive targets among content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, talent-facing brands and businesses.”
CEO Jose Antonio Bengochea founded the SPAC and will be a member of the board after the IPO closes. Bengochea also founed and is CEO of Bengochea Capital, an investment firm founded in 2020 to pursue frontier asset classes and, through Bengochea’s network of connections to various industry executives and celebrities, to examine global opportunities in media and entertainment. Bengochea Capital has been present at the Cannes Film Festival and is a registered media entity with the Recording Academy. Prior to founding Bengochea Capital, he was a part of Sony’s Global Business Development team in Los Angeles from 2018 to 2020.
The SPAC has applied for a NYSE listing under the ticker symbol IRON.U. Read more.