<span item_type="fundamental" item_id="470e8ce68a0a61d0923c64e96b7d0e83" counter_id="ST/US/IROHW" env="prod"></span><span item_type="announcement" item_id="549324156066269697" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.01.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not generated any operating revenues to date, as it is a blank check company formed to effect a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>For the three months ended June 30, 2025, the company reported a net loss of $63,940, primarily due to formation and operating costs of $671,528, offset by interest earned on marketable securities held in the Trust Account of $753,788.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li><li>For the six months ended June 30, 2025, the company reported net income of $19,820, with formation and operating costs totaling $1,191,486 and interest earned on marketable securities held in the Trust Account amounting to $1,506,717.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash used in operating activities for the six months ended June 30, 2025 was - $2,049,458, affected by interest earned on marketable securities held in the Trust Account of - $1,506,717.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li><li>As of June 30, 2025, the company had $73,166,305 of marketable securities held in the Trust Account.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company has issued unsecured promissory notes to fund extensions for completing a business combination, with $831,284 outstanding as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The company plans to complete a business combination before the mandatory liquidation date of August 29, 2025 (or until June 29, 2026, the Third Extension), although there is substantial doubt about its ability to continue as a going concern.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li><li>The company anticipates continuing to extend the deadline to permit the Business Combination Agreement to be consummated.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1901203/000121390025076067/ea0252212-10q_ironhorse.htm"></span></li></ul>

IROHW

IRON HORSE ACQUISITIONS CORP C/WTS (TO PUR COM) | 10-Q: FY2025 Q2 EPS: USD -0.01