Iron Horse Acquisition II Corp. Reports $1.36 Million Net Income for Three Months Ending February 28, 2026

Iron Horse Acquisition II Corp. has reported its financial results for the three months ending February 28, 2026, revealing a net income of $1.36 million, a significant turnaround from a net loss of $72,670 during the same period in 2025. The company attributed this positive performance primarily to interest income of $1.64 million earned on cash and investments held in its Trust Account, which was established following its Initial Public Offering (IPO). In contrast, general, formation, and operational costs increased to $278,000 from $73,000 year-over-year, reflecting the company's ongoing expenses as it prepares for future business combinations.

The company completed its IPO on December 18, 2025, raising gross proceeds of $230 million from the sale of 23 million units, which included the full exercise of an over-allotment option. Additionally, Iron Horse raised $5.7 million through a private placement of 570,000 units. As of February 28, 2026, the total assets of the company stood at approximately $232.4 million, with $231.5 million held in the Trust Account, marking a substantial increase from the previous period when total assets were just $364,681.

Operationally, Iron Horse has not yet commenced any business activities, as its focus remains on identifying potential target companies for acquisition, particularly within the media and entertainment sectors. The company has not reported any customer counts or user statistics, as it is still in the pre-operational phase. However, it has indicated plans to utilize the funds in the Trust Account for future business combinations and operational expenses related to potential acquisitions.

The company’s liabilities as of February 28, 2026, totaled approximately $11.1 million, a significant decrease from $538,347 in the previous period. This reduction is largely due to the repayment of a promissory note to the Sponsor, which was settled following the IPO. The shareholders' deficit also widened to $10.17 million, primarily due to the accretion of Class A ordinary shares to their redemption value, reflecting the company's ongoing financial structuring as it prepares for its first business combination.

Looking ahead, Iron Horse Acquisition II Corp. remains focused on completing a business combination within the stipulated timeframe. The company has expressed confidence in its ability to finance its operations and pursue acquisition opportunities without the immediate need for additional funding. However, it acknowledges potential risks associated with market conditions and geopolitical factors that could impact its search for suitable acquisition targets. The management's outlook emphasizes a commitment to leveraging the capital raised to identify and execute a successful business combination in the near future.