Integrated Rail and Resources Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Although the Company’s search for a target business is not limited to a particular industry or geographic region, it has initially focused on pursuing business combinations in North America with railroad companies that transport bulk commodities, terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports, the companies that produce bulk commodities moved by railroads in large volumes, and the rail cars that are used to transport bulk commodities.
Company profile
Ticker
OTC Pink: IRRX, IRRX-UN, IRRX-WT, IRRXU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
862581754
OTC Pink: IRRX stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
29 Mar 24
25-NSE
Exchange delisting
26 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
11 Mar 24
8-K
Entry into a Material Definitive Agreement
14 Feb 24
DEF 14A
Definitive proxy
2 Feb 24
8-K
Departure of Directors or Certain Officers
26 Jan 24
PRE 14A
Preliminary proxy
23 Jan 24
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
Latest ownership filings
4/A
Change in insider ownership (amended)
24 Apr 24
SC 13G/A
Yakira Capital Management, Inc.
8 Apr 24
SC 13G/A
First Trust Capital Management L.P.
7 Mar 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
1 Mar 24
4
Change in insider ownership
28 Feb 24
3
Initial statement of insider ownership
15 Feb 24
SC 13G
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 24
SC 13G/A
D. E. SHAW & CO, L.P.
14 Feb 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G/A
Polar Asset Management Partners Inc.
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.08 k | 8.08 k | 8.08 k | 8.08 k | 8.08 k | 8.08 k |
Cash burn (monthly) | 16.17 k | 23.62 k | 91.26 k | 173.13 k | 897.28 k | 50.61 k |
Cash used (since last report) | 111.28 k | 162.52 k | 627.88 k | 1.19 mm | 6.17 mm | 348.24 k |
Cash remaining | -103.21 k | -154.44 k | -619.80 k | -1.18 mm | -6.17 mm | -340.17 k |
Runway (months of cash) | -6.4 | -6.5 | -6.8 | -6.8 | -6.9 | -6.7 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 30 |
Opened positions | 5 |
Closed positions | 20 |
Increased positions | 2 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 44.70 bn |
Total shares | 13.99 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
DHIP Natural Resources Investments | 4.23 mm | $0.00 |
D. E. Shaw & Co | 2.08 mm | $0.00 |
Space Summit Capital | 1.62 mm | $0.00 |
Context Capital Management | 1.32 mm | $14.40 mm |
Yakira Capital Management | 500.00 k | $5.44 bn |
Wolverine Asset Management | 466.00 k | $5.07 bn |
Castle Creek Arbitrage | 450.00 k | $4.90 bn |
Fir Tree Capital Management | 429.66 k | $4.67 bn |
Sandia Investment Management | 403.20 k | $4.39 bn |
Shaolin Capital Management | 300.00 k | $3.26 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Feb 24 | Wolverine Asset Management | Class A Common Stock | Sell | Dispose S | Yes | No | 11 | 310,911 | 3.42 mm | 200,000 |
16 Aug 23 | Saba Capital Management | Common Stock | Sell | Dispose S | Yes | No | 10.83 | 1,950,483 | 21.12 mm | 238,251 |
7 Mar 23 | Saba Capital Management | Common Stock | Sell | Dispose S | Yes | No | 10.42 | 300,000 | 3.13 mm | 1,925,232 |