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AI brief of an SEC Form 8-K · Iris Acquisition Corp II (IRAB)

Iris Acquisition Corp II issues up to $250,000 unsecured promissory note

Negative Impact 3 of 5 financing Written later

Iris Acquisition Corp II, a Cayman Islands blank-check company, issued an unsecured promissory note of up to $250,000 to listed payees on October 20, 2026, to fund expenses and general corporate purposes. The note is repayable only at a business combination or liquidation, and if repaid from trust funds or after a combination it carries an additional return of 150% or 250% of principal depending on timing.

Key points

  • Note principal of up to $250,000, bearing no stated interest rate, issued October 20, 2026.
  • Additional return of 150% of principal if a business combination closes on or before December 31, 2027; 250% if it closes after that date.
  • If no business combination is completed, the note is repaid only from amounts outside the trust account, if any.

The filing

CompanyIris Acquisition Corp II (IRAB)
Form8-K, current report
Filed with the SECOct 23, 2026, 4:30 PM ET
Accession number0001185185-26-004972

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.