Integrated Rail and Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in railroad companies in North America. The company was incorporated in 2021 and is based in Fort Worth, Texas.
Company profile
Ticker
IRRX
Exchange
CEO
Mr. Mark A. Michel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Innovative International Acquisition Corp.
SEC CIK
Corporate docs
IRS number
862581754
IRRX stock data
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
4 Nov 24
10-Q
2024 Q2
Quarterly report
31 Oct 24
10-Q
2024 Q1
Quarterly report
31 Oct 24
DEF 14A
Definitive proxy
21 Oct 24
PRE 14A
Preliminary proxy
10 Oct 24
425
Business combination disclosure
16 Aug 24
8-K
Entry into a Material Definitive Agreement
16 Aug 24
425
Business combination disclosure
12 Aug 24
8-K
Tar Sands Holdings II, LLC and Integrated Rail and Resources Acquisition Corp. Announce Execution of a Business Combination Agreement and Extension
12 Aug 24
NT 10-Q
Notice of late quarterly filing
15 May 24
Latest ownership filings
SC 13G
WOLVERINE ASSET MANAGEMENT LLC
24 Oct 24
SC 13G/A
Radcliffe Capital Management, L.P.
28 Jun 24
4/A
Change in insider ownership (amended)
24 Apr 24
SC 13G/A
Yakira Capital Management, Inc.
8 Apr 24
SC 13G/A
First Trust Capital Management L.P.
7 Mar 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
1 Mar 24
4
Change in insider ownership
28 Feb 24
3
Initial statement of insider ownership
15 Feb 24
SC 13G
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 24
SC 13G/A
D. E. SHAW & CO, L.P.
14 Feb 24
Financial summary
| Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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| Diluted EPS |
| Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
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| Net income | ||||
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| Change in cash | ||||
| 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) | 1.13 k | 1.13 k | 1.13 k | 1.13 k | 1.13 k | 1.13 k |
| Cash burn (monthly) | 317.67 | 4.62 k | 314.96 k | 153.18 k | 88.31 k | 54.01 k |
| Cash used (since last report) | 1.37 k | 19.99 k | 1.36 mm | 662.40 k | 381.88 k | 233.57 k |
| Cash remaining | -247.75 | -18.86 k | -1.36 mm | -661.28 k | -380.75 k | -232.45 k |
| Runway (months of cash) | -0.8 | -4.1 | -4.3 | -4.3 | -4.3 | -4.3 |
Institutional ownership, Q2 2024
| 13F holders | Current |
|---|---|
| Total holders | 4 |
| Opened positions | 0 |
| Closed positions | 8 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 9.00 k |
| Total shares | 8.11 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| DHIP Natural Resources Investments | 4.23 mm | $0.00 |
| D. E. Shaw & Co | 2.08 mm | $0.00 |
| Space Summit Capital | 1.62 mm | $0.00 |
| SkyView Investment Advisors | 175.58 k | $9.00 k |
| Radcliffe Capital Management | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Feb 24 | Wolverine Asset Management | Class A Common Stock | Sell | Dispose S | Yes | No | 11 | 310,911 | 3.42 mm | 200,000 |
| 16 Aug 23 | Saba Capital Management | Common Stock | Sell | Dispose S | Yes | No | 10.83 | 1,950,483 | 21.12 mm | 238,251 |