Iron Horse Acquisitions Postpones Business Combination Special Meeting Until June 20, 2025
Extends Redemption Date in Connection with Business Combination Meeting From
Clarifies Redemption Process in Connection with Business Combination Meeting and Charter Extension Meeting
IROH also wishes to clarify the redemption process for the Business Combination Special Meeting, and the Special Meeting to vote to extend the timeline for IROH to consummate a business combination (the “Charter Extension Special Meeting”), which is also scheduled for
Business Combination Special Meeting
IROH is postponing its Business Combination Special Meeting, which was originally scheduled to be held on
In connection with the postponement of the Business Combination Special Meeting, the date by which public stockholders may seek to have their public shares redeemed in connection with the Business Combination has been extended from
Public stockholders seeking to have their public shares redeemed in connection with the Business Combination must: (i) demand, no later than
Charter Extension Special Meeting
The IROH Charter Extension Special Meeting is scheduled to take place on
Public stockholders seeking to have their public shares redeemed in connection with the Charter Extension must: (i) demand, no later than
At this time, the Business Combination Special Meeting and Charter Extension Special Meeting are both scheduled for
Clarification of Redemption Process in Connection with the Business Combination Special Meeting and the Charter Extension Special Meeting
In connection with the postponement of the date of the Business Combination Special Meeting, IROH has extended the deadline for IROH’s public stockholders to redeem their public shares in connection with the Business Combination. The new deadline for IROH’s public stockholders to redeem their shares in connection with the Business Combination is now
If you previously submitted or intend to submit public shares for redemption in connection with the Business Combination Special Meeting and you want to ensure such public shares are redeemed in the event either the Business Combination is consummated or the Charter Extension is implemented, you must also (or must direct your bank, broker or other nominee to) demand that IROH redeem your shares into cash and submit your request in writing to CST to redeem such public shares in connection with the Charter Extension no later than
However, there is no assurance that we will hold the Charter Extension Special Meeting and implement the Charter Extension. If we do not hold the Charter Extension Special Meeting and implement the Charter Extension, any public shares originally submitted for redemption in connection with the Business Combination Special Meeting and also instructed to be redeemed in connection with the Charter Extension Special Meeting will be automatically subject to redemption in connection with the consummation of the Business Combination, unless you withdraw such redemption request.
If you only elect to redeem your public shares in connection with the Charter Extension Special Meeting (and you did not submit such public shares for redemption in connection with the Business Combination Special Meeting), if we do not hold the Charter Extension Special Meeting and do not implement the Charter Extension, your public shares will not be redeemed at the consummation of the Business Combination.
About
About
Important Information About the Business Combination Where to Find It
This press release relates to a proposed business combination transaction among the parties set forth above referred to herein as the “Business Combination.” A full description of the terms of the proposed Business Combination has been provided in a Registration Statement on Form S-4, of which the proxy statement/prospectus related to the proposed Business Combination forms part (the “Proxy Statement/Prospectus”), which was declared effective on
This communication supplements, but is not intended to be, and is not, a substitute for the Proxy Statement/Prospectus or any other document Iron Horse has filed or may file with the
Participants in Solicitation
CFI and Iron Horse, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies from Iron Horse’s stockholders with respect to the proposed Business Combination. Information about the directors and executive officers of Iron Horse and CFI and their ownership is set forth in the Proxy Statement/Prospectus and other documents filed with the
This press release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision with respect to the proposed Business Combination. Before making any voting or investment decision, investors and security holders are urged to read the Proxy Statement/Prospectus and all other relevant documents filed or that will be filed with the
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or with respect to the proposed Business Combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Iron Horse’s and CFI’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Iron Horse’s and CFI’s expectations with respect to future performance and anticipated financial impacts of the proposed Business Combination, the satisfaction of the closing conditions to the proposed Business Combination, and the timing of the completion of the proposed Business Combination.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Iron Horse’s and CFI’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change, or other circumstances that could prevent the closing of the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against Iron Horse and CFI following this announcement of the signing of the BCA; (3) the inability to complete the proposed Business Combination, including due to failure to obtain approval of the stockholders of Iron Horse or certain regulatory approvals, or to satisfy other conditions to closing; (4) the effect of the announcement or pendency of the proposed Business Combination on CFI’s business relationships, operating results and business generally; (5) risks that the proposed Business Combination disrupts CFI’s current plans and operations; (6) changes in applicable laws or regulations; (7) the possibility that Iron Horse or CFI may be adversely affected by other economic, business, and/or competitive factors; (8) risks related to the organic and inorganic growth of CFI’s business and the timing of expected business milestones; and (9) other risks and uncertainties indicated in the final prospectus of Iron Horse for its initial public offering and the Proxy Statement/Prospectus, including those under “Risk Factors” therein, and in Iron Horse’s other filings with the
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bill@ironhorseacquisitions.com
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