Iris Acquisition Corp (Nasdaq: IRAA) is a special purpose acquisition company listed on Nasdaq and sponsored by Iris Acquisition Holdings LLC, which is backed by Arrow Capital Multi Asset Fund. On March 9, 2021, Iris Acquisition Corp consummated the IPO of 27,600,000 units priced at $10 per unit, generating gross proceeds of $276,000,000. The Company was incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a high growth business.
Company profile
Ticker
IRAA, IRAAU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Tribe Capital Growth Corp I
SEC CIK
IRAA stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
17 Apr 24
8-K
Entry into a Material Definitive Agreement
5 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Entry into a Material Definitive Agreement
12 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
11 Mar 24
DEF 14A
Definitive proxy
26 Feb 24
PRER14A
Preliminary revised proxy
20 Feb 24
PRE 14A
Preliminary proxy
6 Feb 24
10-Q
2023 Q2
Quarterly report
12 Jan 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
2 Jan 24
Latest ownership filings
SC 13G/A
MOORE CAPITAL MANAGEMENT, LP
14 Feb 24
SC 13G/A
Polar Asset Management Partners Inc.
13 Feb 24
4
Boaz Weinstein
28 Sep 23
SC 13G/A
Saba Capital Management, L.P.
27 Sep 23
3
LOUIS M BACON
26 Sep 23
SC 13G
Saba Capital Management, L.P.
23 Feb 23
3
Boaz Weinstein
23 Feb 23
SC 13G
MOORE CAPITAL MANAGEMENT, LP
14 Feb 23
SC 13G/A
Beryl Capital Management LLC
14 Feb 23
SC 13G/A
CITADEL ADVISORS LLC
14 Feb 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 337.72 k | 337.72 k | 337.72 k | 337.72 k | 337.72 k | 337.72 k |
Cash burn (monthly) | (no burn) | (no burn) | 225.44 k | 250.88 k | 179.78 k | 126.01 k |
Cash used (since last report) | n/a | n/a | 1.49 mm | 1.66 mm | 1.19 mm | 834.25 k |
Cash remaining | n/a | n/a | -1.15 mm | -1.32 mm | -852.56 k | -496.53 k |
Runway (months of cash) | n/a | n/a | -5.1 | -5.3 | -4.7 | -3.9 |
Institutional ownership, Q2 2023
77.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 8 |
Closed positions | 0 |
Increased positions | 6 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 12.71 bn |
Total shares | 5.63 mm |
Total puts | 0.00 |
Total calls | 70.62 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Saba Capital Management | 1.09 mm | $8.82 bn |
Cantor Fitzgerald, L. P. | 875.82 k | $31.70 mm |
Periscope Capital | 526.41 k | $1.31 bn |
Fort Baker Capital Management | 348.00 k | $12.60 mm |
Linden Advisors | 268.20 k | $9.84 mm |
Polar Asset Management Partners | 250.70 k | $9.08 mm |
Falcon Edge Capital | 250.00 k | $9.05 mm |
Moore Capital Management | 225.00 k | $1.09 bn |
Castle Creek Arbitrage | 193.80 k | $7.02 mm |
Aristeia Capital | 187.50 k | $6.87 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Sep 23 | Saba Capital Management | Common Stock | Sell | Dispose S | Yes | No | 10.29 | 853,395 | 8.78 mm | 0 |