Iron Horse Acquisitions Corp. (NASDAQ: IROH) announced the pricing of its upsized $61 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “IROHU” on Wednesday, December 27, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares, warrants, and rights are expected to be listed on the Nasdaq under the symbols “IROH,” “IROHW,” and “IROHR,” respectively.
The company intends to initially focus on target companies within the media & entertainment industry with a primary focus on the United States. Iron Horse is led by CEO Jose Antonio Bengochea, Chairman Brian Turner, CFO Jane Waxman, and COO William Caragol.
Total SPAC deal count for 2023 year-to-date is now 31. This offering is expected to close on Friday, December 29, 2023.
EF Hutton LLC, is acting as sole book-running manager in the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC, is acting as co-manager in the offering. Zarren Law Group, LLC is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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Maquia Capital (NASDAQ:MAQC) has entered into a definitive agreement to combine with AI infrastructure firm Velocium at a valuation of $445 million. Miami-based Velocium is developing data center processors designed to be particularly efficient for use by AI applications and Web 3.0. The combined company is expected to trade on the Nasdaq under the symbol...
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