Two days after withdrawing a $100M IPO, Iron Horse Acquisitions re-filed with the SEC to offer 6 million units at $10 each.
A unit consists of one share, one warrant and a right to receive one-eighth of a share.
As before, the SPAC said it will focus on the media and entertainment sector, 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.
All of the principal management team listed in the original S-1 are still on board. They include CEO Jose Antonio Bengochea, who founded the SPAC. Bengochea is also founder and 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.
Chairman Brian Turner is former CFO of Coinstar. Iron Horse CFO Jane Waxman is a former deputy CEO of 20th Century Fox.
The SPAC has applied to list on the Nasdaq under the symbol IROH.
EF Hutton is sole book-running manager. Read more.
