Iron Horse Acquisitions, a blank check company targeting media and entertainment in the US, officially withdrew its plans for an initial public offering on Tuesday. It had filed in November 2022 to raise $100 million by offering 10 million units at $10, with each unit containing one share of common stock and one warrant. The company had not updated its prospectus since then, and the IPO was declared abandoned by the SEC on September 29, 2023. In its withdrawal filing, Iron Horse Acquisitions indicated that it planned to refile a new S-1 imminently.
The SPAC was set to be led by Chairman Brian Turner, the former CFO of Coinstar, and CEO and Director Jose Bengochea, the founder and CEO of Bengochea Capital. It had planned to target media and entertainment opportunities in the US, with a particular focus on content studios and film production, family entertainment, and animation, among other businesses.
The Toluca Lake, CA-based company was founded in 2021 and had planned to list on the NYSE under the symbol IRON.U. BTIG and EarlyBirdCapital were set to be the joint bookrunners on the deal.
