Iron Horse Acquisitions, a blank check company targeting media and entertainment in the US, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one whole warrant, exercisable at $11.50. At the proposed deal size, Iron Horse Acquisitions would command a market value of $128 million.
Iron Horse Acquisitions is led by Chairman Brian Turner, the former CFO of Coinstar, and CEO and Director Jose Bengochea, the founder and current CEO of Bengochea Capital. They are joined by CFO and Director Jane Waxman, the former EVP and Deputy CFO of 20th Century Fox. The company seeks to leverage management's experience and target media and entertainment opportunities in the US, with a particular focus on content studios and film production, family entertainment, animation, music, gaming, and e-sports, among other businesses.
The Toluca Lake, CA-based company was founded in 2021 and plans to list on the NYSE under the symbol IRON.U. Iron Horse Acquisitions filed confidentially on January 24, 2022. BTIG and EarlyBirdCapital are the joint bookrunners on the deal.
