Iron Horse Acquisition II swings to Q2 FY26 net income of $1.3 million; Q2 FY26 interest income rises to $2.07 million
IRHO•Q2 FY26 results
Iron Horse Acquisition II posted net income of $1.3 million for the three months ended May 31, 2026, versus a net loss of $23,187 a year earlier.
Interest income from the Trust Account totaled $2.07 million, offset by $773,493 of general, formation and operational costs.
Six-month results and liquidity
For the six months ended May 31, 2026, net income was $2.66 million, swinging from a $95,857 loss a year earlier.
Cash and investments in the Trust Account were $233.54 million at May 31, 2026, while cash outside the Trust Account was $46,833.
Management said it lacks liquidity to sustain operations for at least one year, raising substantial doubt about going-concern status absent a business combination.
