Integrated Rail and Resources in a press release said it has extended its deadline to May 15 as it works to secure a deal. The SPAc has three remainly extensions it can deploy in monthly intervals.
The SPAC said in October it had signed a non-binding letter of intent with a potential merger target, although there has been no further announcement.
The SPAC deposited $2.3 million into trust last November for a three-month extension.
The SPAC raised $230 million in a November 2021 IPO to search for a target business operating in bulk commodities. Read more.
