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Integrated Rail and Resources Acquisition Priced, NYSE: IRRX

Blank check company formed by Rio Grande Pacific Corporation and DHIP Group (pending: Tar Sands Holdings II).

Industry: SPAC

Latest Trade: $11.02 0.00 (0.0%)

First Day Return: +0.1%

Return from IPO: +10.2%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we intend to focus our search in North America on 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. Bulk commodities include grains and vegetable oils, mineral and metallic ores and concentrates, energy fuels, biofuels, cement and aggregates, and other goods and commodities essential to modern economies. This vertical integration enables synergies and economies of scale and leverages the inherent energy efficiency and low carbon emissions of freight trains, and the rapidly growing demand for bulk commodities necessary to transform industrialized economies into energy efficient and green economies, and to transform emerging economies into industrialized economies. Our experienced management team is sourced from two companies focused in the infrastructure sector, Rio Grande Pacific Corporation and DHIP Group. We believe our Board of Directors has unique expertise and a strong reputation in the transportation and bulk commodity production industries.
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IPO Data
IPO File Date 05/21/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/11/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Stifel
Roberts & Ryan
Company Data
Headquarters Winter Park, FL, United States
Founded 2021
Employees at IPO 7

Integrated Rail and Resources Acquisition (IRRX) Performance