---
title: "Iron Horse Acquisitions II - Unit | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275902366.md"
datetime: "2026-02-13T12:48:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275902366.md)
  - [en](https://longbridge.com/en/news/275902366.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275902366.md)
generator: "portal-rs"
---

# Iron Horse Acquisitions II - Unit | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.04.

EBIT: As of FY2025, the actual value is USD -204.39 K.

IRON HORSE ACQUISITION II CORP. operates as a blank check company and has only one operating segment, therefore segmented financial metrics are not applicable .

#### Operational Metrics

-   **Net Loss**: The company reported a net loss of - $204,391 for the year ended November 30, 2025, compared to - $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
-   **General and Administrative Costs**: General and administrative costs were $204,391 for the year ended November 30, 2025, increasing from $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
-   **Loss from Operations**: Loss from operations was - $204,391 for the year ended November 30, 2025, compared to - $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
-   **Basic and Diluted Net Loss per Ordinary Share**: This metric was - $0.04 for the year ended November 30, 2025, compared to - $0.00 for the period from November 26, 2024 (inception) through November 30, 2024 .

#### Liquidity and Capital Resources

-   **Cash**: As of November 30, 2025, the company had cash of $432, an increase from $0 as of November 30, 2024 .
-   **Working Capital Deficit**: The working capital deficit was - $512,915 as of November 30, 2025 .
-   **Shareholders’ Deficit**: Total shareholders’ deficit was - $173,666 as of November 30, 2025, compared to - $1,275 as of November 30, 2024 .
-   **Initial Public Offering (IPO) Proceeds**: On December 18, 2025, the company consummated its IPO, generating gross proceeds of $230,000,000 from the sale of 23,000,000 units .
-   **Private Placement Proceeds**: Simultaneously with the IPO, the company sold 570,000 Private Placement Units, generating gross proceeds of $5,700,000 .
-   **Trust Account**: A total of $230,000,000 was placed in the Trust Account following the IPO and private placement .
-   **Transaction Costs**: Incurred transaction costs amounted to $15,590,100, including a $4,000,000 cash underwriting fee, $10,950,000 deferred underwriting fee, and $640,100 in other offering costs .
-   **Promissory Note - Related Party**: The company had outstanding borrowings of $300,000 as of November 30, 2025, under a non-interest bearing promissory note with the Sponsor, which was subsequently repaid on December 18, 2025 .

#### Cash Flow from Operating Activities

-   **Net Cash Used in Operating Activities**: The company used - $142,761 in cash from operating activities for the year ended November 30, 2025 .

#### Outlook / Guidance

Management plans to address the substantial doubt about the company’s ability to continue as a going concern with a business combination . The company expects to incur significant costs in pursuit of its acquisition plans . However, there is no assurance that the company’s plans to complete a business combination will be successful .

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**