Private company

Iris Acquisition Corp

American blank check company, incorporated in Delaware1

In its 2025 annual report the company says: “Iris Acquisition Corp is a blank check company incorporated on November 5, 2020 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. We have neither engaged in any operations unrelated to our search for business combination candidates nor generated any revenue to date.”4 It is headquartered in Grand Cayman, Cayman Islands.1

Last updated Oct 20, 2026.

Overview

-$2.9MNet income, fiscal 20242
  • IndustryBlank Checks1
  • HeadquartersGrand Cayman, Cayman Islands1
  • Incorporated inDE3
  • Business address3Rd Floor Zephyr House, 122 Mary Street, George Town, Po Box 10085, Grand Cayman, E9 Ky1-10013
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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Iris Acquisition Corp (“we,” “us,” “our,” the “Company” or “Iris”) is a blank check company incorporated on November 5, 2020 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. We have neither engaged in any operations unrelated to our search for business combination candidates nor generated any revenue to date.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income562-$2.9M in 2024+15% since 2021
-$3.0M-$2.0M-$1.0M02021: -$2.5M-$2.5M20212022: -$1.9M-$1.9M2022−26%2023: -$2.3M-$2.3M2023+23%2024: -$2.9M-$2.9M2024+26%
Net income562-$2.9M in 2024
-$5.0M0$5.0M$10.0M$15.0M2021: $4.4M$4.4M20212022: $10.2M$10.2M2022+135%2023: -$1.2M-$1.2M20232024: -$2.9M-$2.9M2024+137%
Fiscal year2021202220232024
Operating income-$2.5M5-$1.9M6-$2.3M2-$2.9M2
Interest$06$103.1K6$12.1K2
Income before tax$4.4M5$10.8M6-$1.2M2-$2.9M2
Income tax$539.8K6$34.0K2$18.8K2
Net income$4.4M5$10.2M6-$1.2M2-$2.9M2

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Corporate structure

Iris Acquisition Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Iris Acquisition Corp

  • MOORE CAPITAL MANAGEMENT, LP Filed SC 13G/A on Iris Acquisition Corp, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • Polar Asset Management Partners Inc. Filed SC 13G/A on Iris Acquisition Corp, latest Feb 13, 2024 (2 filings since Feb 11, 2022)
  • Saba Capital Management, L.P. Filed SC 13G/A on Iris Acquisition Corp, latest Sep 27, 2023 (2 filings since Feb 23, 2023)
  • Beryl Capital Management LLC Filed SC 13G/A on Iris Acquisition Corp, latest Feb 14, 2023 (2 filings since Dec 12, 2022)
  • CITADEL ADVISORS LLC Filed SC 13G/A on Iris Acquisition Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Iris Acquisition Corp Grand Cayman, Cayman Islands

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Iris Acquisition Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$65.3K2 Dec 31, 2024$156.4K2 Dec 31, 2023−58.2%

Properties, in its own words

We currently lease our executive offices at 3rd Floor Zephyr House, 122 Mary Street, George Town, PO Box 10085, Grand Cayman KY1-1001. We believe that our current office space is suitable and adequate for present purposes, and that the productive capacity is substantially being utilized.

Item 2 of the 10-K filed Apr 16, 2025.4

Leadership

Who has led Iris Acquisition Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Arjun Sethi2021

Chair

  1. Arjun Sethi2021

Chief financial officer

  1. Omar Chohan2021
  2. Lisha Parmar2022
2025
Board members and other officers (9)

Former names

  • Tribe Capital Growth Corp IDec 21, 2020 to Jun 7, 20223

Timeline

  1. Mar 10, 20258-K Listing notice or transfer; Shareholder vote22
  2. Jan 28, 20258-K Other events23
  3. Jan 16, 20258-K Other events24
  4. Jan 15, 20258-K Earlier financial statements no longer reliable; Other events25
  5. Dec 27, 20248-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote26
  6. Dec 18, 20248-K Other events27
  7. Nov 8, 20248-K Other events28
  8. Nov 6, 20248-K Entered a material agreement29
  9. Sep 10, 20248-K Listing notice or transfer; Bylaws or fiscal year changed; Shareholder vote30
  10. Aug 26, 20248-K Listing notice or transfer31
  11. Aug 23, 20248-K Other events32
  12. Aug 9, 20248-K Other events33
  13. Mar 4, 2021New chief executive Arjun Sethi becomes CEO10

Filings

123 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 39 major events, 7 insider forms, 10 large holders, 49 other. The latest 20:

  1. Apr 30, 202515-12G EDGAR
  2. Apr 16, 202510-K EDGAR
  3. Mar 31, 2025NT 10-K EDGAR
  4. Mar 10, 20258-K EDGAR
  5. Feb 7, 2025DEFM14A EDGAR
  6. Jan 28, 2025425 EDGAR
  7. Jan 28, 20258-K EDGAR
  8. Jan 16, 2025425 EDGAR
  9. Jan 16, 20258-K EDGAR
  10. Jan 15, 202510-Q/A EDGAR
  11. Jan 15, 202510-Q/A EDGAR
  12. Jan 15, 20258-K EDGAR
  13. Dec 27, 20248-K EDGAR
  14. Dec 18, 2024DEFA14A EDGAR
  15. Dec 18, 20248-K EDGAR
  16. Dec 9, 2024DEF 14A EDGAR
  17. Nov 27, 202410-Q EDGAR
  18. Nov 27, 2024PRE 14A EDGAR
  19. Nov 14, 2024NT 10-Q EDGAR
  20. Nov 8, 2024425 EDGAR

The 123 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 26, 2023Weinstein Boaz10% ownerSale853,395$10.29$8.8MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Iris Acquisition Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIris Acquisition Corp1
  • CIK0001831874
  • Employer ID (EIN)85-39014314
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address3Rd Floor Zephyr House, 122 Mary Street, George Town, Po Box 10085, Grand Cayman, E9 KY1-10011
  • Phone971 4 39669491
  • Shares outstanding7,074,477 Common Class A shares as of Apr 4, 20254
  • Public float$3.3M as of Jun 30, 20244
  • AuditorMarcum LLP, New York, NY PCAOB ID 688; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 21, 20201
  • Filings156 in all: 8-K (43), 3 (15), 10-Q (12), NT 10-Q (11), 425 (10), CORRESP (6), DEF 14A (6), SC 13G/A (6)1
    All 28 form types

    UPLOAD (6), PRE 14A (5), SC 13G (5), 10-K (4), NT 10-K (4), PRER14A (4), 10-Q/A (3), S-1/A (3), DEFM14A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 4 (1), 424B4 (1), 8-A12B (1), CERT (1), DEFA14A (1), DRS (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2025
    Quarterly report (10-Q) Nov 27, 2024
    Proxy statement (DEF 14A) Dec 9, 2024
    Latest 8-K (8-K) Mar 10, 2025

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one share of Class A Common Stock and one-fourth of one Redeemable WarrantIRAAU
Class A Common Stock, par value $0.0001 per shareIRAA
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50IRAAW

From the cover page of the 10-K filed Apr 16, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Iris Acquisition Corp names in Item 1A of its 10-K filed Apr 16, 2025: 75 risks under these headings, as written.4

  • Risks Relating to our Search for, Consummation of, or Inability to Consummate, a Business Combination and Post-Business Combination Risks
  • We may not be able to complete our initial business combination or amend our amended and restated certificate of incorporation to extend the time to complete a business combination by June 30, 2025, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
  • The ability of our public stockholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our public stockholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we complete our initial business combination or amend our amended and restated certificate of incorporation to extend the time to complete a business combination by June 30, 2025 may give potential target businesses leverage over us in negotiating a business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our stockholders.
  • As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination and could even result in our inability to find a target or to consummate our initial business combination.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public stockholders may receive only their pro rata portion of the funds in the trust account that are available for distribution to public stockholders, and our warrants will expire worthless.
  • If the net proceeds of our initial public offering not being held in the trust account are insufficient to allow us to operate until at least June 30, 2025, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination, and we will depend on loans from our sponsor or management team to fund our search and to complete our initial business combination.
  • If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by our stockholders may be less than $10.00 per share.
  • Our directors may decide not to enforce the indemnification obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to our public stockholders.
  • We may not have sufficient funds to satisfy indemnification claims of our directors and executive officers.
  • If, after we distribute the proceeds in the trust account to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of our Board may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our Board and us to claims of punitive damages.
The other 63 risks
  • If, before distributing the proceeds in the trust account to our public stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our stockholders and the per-share amount that would otherwise be received by our stockholders in connection with our liquidation may be reduced.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.
  • Our stockholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • The grant of registration rights to our initial stockholders and holders of our private placement warrants may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our shares of Class A common stock.
  • Because we are neither limited to evaluating a target business in a particular industry sector nor have we selected any specific target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’s operations.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
  • We are not required to obtain an opinion from an independent investment banking firm or from a valuation or appraisal firm, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our stockholders from a financial point of view.
  • Unlike some other similarly structured special purpose acquisition companies, our initial stockholders will receive additional shares of Class A common stock if we issue certain shares to consummate an initial business combination.
  • Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete our initial business combination, our public stockholders may only receive their pro rata portion of the funds in the trust account that are available for distribution to public stockholders, and our warrants will expire worthless.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and, as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • We may have a limited ability to assess the management of a prospective target business and, as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • We may only be able to complete one business combination with the proceeds of our initial public offering and the sale of the private placement warrants, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may adversely impact our operations and profitability.
  • We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could adversely impact our operations and profitability.
  • We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
  • We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
  • Our warrants may have an adverse effect on the market price of our shares of Class A common stock and make it more difficult to effectuate our initial business combination.
  • Because we must furnish our stockholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources, and increase the time and costs of completing an initial business combination.
  • Our search for a business combination, and any target business with which we ultimately consummate our initial business combination, may be materially adversely affected by future pandemics.
  • Past performance by our team and their affiliates may not be indicative of future performance of an investment in us.
  • Risks Relating to Potential Conflicts
  • Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
  • Our executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, executive officers, directors or existing holders which may raise potential conflicts of interest.
  • Since our sponsor, executive officers and directors will lose their entire investment in us if our initial business combination is not completed (other than with respect to public shares they may acquire during or after our initial public offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.
  • Risks Relating to Post-Business Combination Company
  • Subsequent to our completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
  • Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could adversely impact the operations and profitability of our post-combination business.
  • The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of a business combination target’s key personnel could adversely impact the operations and profitability of our post-combination business.
  • Our management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • Risks Relating to Our Management Team
  • We may seek business combination opportunities in industries or sectors that may be outside of our management’s areas of expertise.
  • We are dependent upon our executive officers and directors and their loss could adversely affect our ability to operate.
  • Our executive officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.
  • Risks Relating to Our Securities
  • You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public shares or warrants, potentially at a loss.
  • You will not be entitled to protections normally afforded to investors of many other blank check companies.
  • You will not be permitted to exercise your warrants unless we register and qualify the underlying Class A common stock or certain exemptions are available.
  • You may only be able to exercise your public warrants on a “cashless basis” under certain circumstances, and if you do so, you will receive fewer shares of Class A common stock from such exercise than if you were to exercise such warrants for cash.
  • Our warrant agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with our company.
  • We may issue additional shares of Class A common stock or shares of preferred stock to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our stockholders and likely present other risks.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete our initial business combination, which may adversely affect our leverage and financial condition and thus adversely impact the value of our stockholders’ investment in us.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete our initial business combination with which a substantial majority of our stockholders or warrant holders do not agree.
  • In order to effectuate an initial business combination, special purpose acquisition companies have, in the past, amended various provisions of their charters and other governing instruments, including their warrant agreements. We cannot assure you that we will not seek to amend our amended and restated certificate of incorporation or governing instruments in a manner that will make it easier for us to complete our initial business combination that our stockholders may not support.
  • Certain agreements related to our initial public offering may be amended without stockholder approval.
  • Our initial stockholders control a substantial interest in us and thus may exert a substantial influence on actions requiring a stockholder vote, potentially in a manner that you do not support.
  • Our sponsor paid an aggregate of $25,000, or approximately $0.0043 per founder share ($0.0036 after giving effect to a stock dividend of 0.2 shares per founder share) and, accordingly, you will experience immediate and substantial dilution from the purchase of our shares of Class A common stock.
  • We may amend the terms of the warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least a majority of the then outstanding public warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the number of shares of Class A common stock purchasable upon exercise of a warrant could be decreased, all without your approval.
  • We may redeem your unexpired warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless.
  • Because each unit contains one-fourth of one warrant and only a whole warrant may be exercised, the units may be worth less than units of other special purpose acquisition companies.
  • A market for our securities may not remain available, which would adversely affect the liquidity and price of our securities.
  • We are an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to emerging growth companies or smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
  • The SEC has issued final rules and guidance relating to certain activities of SPACs. The need for compliance with these rules and the guidance may cause us to liquidate the Company at an earlier time than we might otherwise choose.
  • If we are deemed to be an investment company for purposes of the Investment Company Act, we would be required to institute burdensome compliance requirements and our activities would be severely restricted. As a result, in such circumstances, unless we are able to modify our activities so that we would not be deemed an investment company, we may abandon our efforts to complete a business combination and instead liquidate the Company.
  • Additional Risks
  • We are a blank check company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
  • Provisions in our amended and restated certificate of incorporation and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our shares of Class A common stock and could entrench management.
  • Cyber incidents or attacks directed at us could result in information theft, data corruption, operational disruption and/or financial loss.
  • If we effect our initial business combination with a company located outside of the United States, we would be subject to a variety of additional risks that may adversely affect us.
  • Changes in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and complete an initial business combination.
  • Our warrants are accounted for as liabilities and the changes in value of our warrants could have a material effect on our financial results.
  • We have identified a material weakness in our internal control over financial reporting as of December 31, 2024. If we are unable to develop and maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business and operating results.
  • Since we have not yet completed our initial business combination, we are unable to currently ascertain the merits or risks of the industry or business in which we may ultimately operate.
  • Our officers and directors may not have significant experience or knowledge regarding the jurisdiction or industry of the target business we may seek to acquire.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with our initial business combination. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous for us.
  • We may only be able to complete one business combination with the proceeds of our IPO, which will cause us to be solely dependent on a single business which may have a limited number of products or services.
  • Resources could be spent researching acquisitions that are not consummated, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business.

Legal proceedings

There are currently no material pending legal proceedings against us or to which any of our property is subject.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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