M&A: Iris Acquisition Corp

Form Type: 8-K

Filing Date: 2024-12-27

Corporate Action: Merger

Type: Update

Accession Number: 000110465924132126

Comments: On December 26, 2024, Iris Acquisition Corp, along with its affiliated entities, entered into the Seventh Amendment to their Business Combination Agreement (BCA) originally dated November 30, 2022. This amendment extends the termination date for the business combination to June 30, 2025. Additionally, the same day, the Sixth Amendment to the Equity Subscription Agreement was finalized, extending the termination deadline for that agreement to June 30, 2025. On December 20, 2024, the company held a Special Meeting at which stockholders approved an amendment to extend the deadline for consummating the business combination to March 31, 2025, with a potential three-month extension. The meeting achieved a quorum with 98.6% of the outstanding shares present, and both proposals received unanimous approval. During this process, stockholders redeemed shares for an aggregate amount of approximately $672,889.32, leaving 174,477 public shares outstanding post-redemption.

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