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flag Iris Acquisition Corp II priced its IPO at $10, raising $150 million; units began trading on the NYSE on February 3, 2026.

flag Iris Acquisition Corp II, a Cayman Islands SPAC, priced its IPO at $10.00 per unit, raising $150 million by selling 15 million units. flag Each unit includes one Class A share and half a redeemable warrant, with warrants exercisable at $11.50 after a business combination or 12 months post-IPO, whichever is later. flag Units began trading on the NYSE as IRABU on February 3, 2026, with shares and warrants expected to trade separately under IRAB and IRABW. flag The offering closes February 4, with an option for underwriters to buy 2.25 million additional units.

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