Iron Horse Acquisitions (NASDAQ:IROHU) Enters Amended and Restated Business Combination Agreement with Zhong Guo Liang Tou Group Limited(

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Iron Horse Acquisitions Corp. recently made public the signing of an Amended and Restated Business Combination Agreement with Zhong Guo Liang Tou Group Limited (“CFI”) and Rosy Sea Holdings Limited. This agreement, finalized on December 18, 2024, includes CFI as a party to the Business Combination, providing representations and warranties, offering compensation to the Sponsor amounting to $2,000,000 at the Closing, and updating Section 11.6 to encompass additional Acquiror expenses to be covered by the Seller at the time of the Closing.

The specifics of the Amended Agreement consist of units, each containing one share of common stock, one redeemable warrant, and one right allowing the holder to receive one-fifth (1/5) of a share of common stock. Notably, the Redeemable Warrants are detailed as whole warrant exercises for one share of common stock at a cost of $11.50 per share.

Iron Horse Acquisitions Corp. initiated a deposit of $229,770 into the Company’s trust account on December 16, 2024, aiming to extend the time available to finalize a business combination until March 29, 2025. As per the terms of the amended and restated certificate of incorporation, the Company can extend the business combination period up to two times by an additional three months for a total of 18 months to complete the business combination process.

Investors were provided with insights into these transactions through the Amended Agreement, shedding light on its terms. The company has clarified that these details are not intended to convey additional factual information about the involved parties. Furthermore, the representations and warranties in the Amended Agreement were set forth based on specific dates and subject to confidential disclosure schedules to be shared post the agreement date.

As per the report on Form 8-K, this announcement does not serve as a solicitation, proxy statement, or offer for any securities exchange but rather aims to provide essential information to the investors and security holders of Iron Horse Acquisitions. The aforementioned agreements are crucial business updates that are essential for informed decision-making.

This press release contains forward-looking statements that are in compliance with the provisions of the Private Securities Litigation Reform Act of 1995. These statements encompass the expected timing and benefits of the transactions, driven by the Company’s current expectations and risks associated with them.

Investors and security holders interested in gaining further details about these transactions can anticipate obtaining additional information from the SEC filings and relevant documents linked to these transactions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Iron Horse Acquisitions’s 8K filing here.

Iron Horse Acquisitions Company Profile

Iron Horse Acquisitions Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying targeted companies operating in content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands and businesses in the United States.