Recent Updates — IRAB

On October 20, 2026, Iris Acquisition Corp II issued an unsecured promissory note for up to $250,000. The principal is due upon the earlier of a business combination or liquidation. If a business combination occurs by December 31, 2027, the company must pay 150% of the principal; if after that date, it must pay 250%. Proceeds are for general corporate purposes and expenses. Iris Acquisition Corp II is a blank check company focused on effecting a merger with a private operating business.