IRAB
Iris Acquisition Corp IIFinancial Services·Financial - Conglomerates
$9.93
$172M market cap
Revenue
$0.0M
Free Cash Flow
$-0.0M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Iris Acquisition Corp. II is a blank check company. It was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination. The company was founded on July 8, 2025 and is headquartered in Dubai, Unite Arab Emirates.
2-Year Price History
$9.92+0.4%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | 0.0 | 0.0 | 0.5 | -0.0 | -0.0 | -0.0 | 0.9 | 0.1 | 10.4 | 0.0% | -- | -- |
Valuation & Metrics
Market Stats
Price$9.93
Market Cap$172M
Enterprise Value$171M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$0.5M
Free Cash Flow$-0.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC0.0%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-98.1%
Need at least 2 settlement dates for chart
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
62.2%
31 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%
0 filers
Vanguard, iShares, SPDR
Market makers
0.2%
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
Not enough quarterly ownership history to chart yet.
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $13.3M | $9.82 | +$13.3M | +$13.3M | — | $64.61B |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $9.8M | $9.82 | +$9.8M | +$9.8M | — | $1.50B |
| SONA ASSET MANAGEMENT (US) LLC | $8.3M | $9.82 | +$8.3M | +$8.3M | — | $1.93B |
| LINDEN ADVISORS LP | $7.9M | $9.82 | +$7.9M | +$7.9M | — | $1.89B |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $7.9M | $9.82 | +$7.9M | +$7.9M | — | $60.08B |
| AQR Arbitrage LLC | $5.7M | $9.82 | +$5.7M | +$5.7M | — | $5.11B |
| BNP PARIBAS FINANCIAL MARKETS | $5.4M | $9.82 | +$5.4M | +$5.4M | — | $149.31B |
| D. E. Shaw & Co., Inc. | $4.1M | $9.82 | +$4.1M | +$4.1M | — | $118.02B |
| Shaolin Capital Management LLC | $3.9M | $9.82 | +$3.9M | +$3.9M | — | $1.20B |
| Vivaldi Asset Management, LLC | $3.9M | $9.82 | +$3.9M | +$3.9M | — | $1.90B |
| WHITEBOX ADVISORS LLC | $3.7M | $9.82 | +$3.7M | +$3.7M | — | $1.77B |
| Radcliffe Capital Management, L.P. | $2.9M | $9.82 | +$2.9M | +$2.9M | — | $1.33B |
| TWO SIGMA INVESTMENTS, LP | $2.7M | $9.82 | +$2.7M | +$2.7M | — | $117.03B |
| Centiva Capital, LP | $2.5M | $9.82 | +$2.5M | +$2.5M | — | $2.14B |
| HGC Investment Management Inc. | $2.5M | $9.82 | +$2.5M | +$2.5M | — | $451M |
| Context Capital Management, LLC | $2.5M | $9.82 | +$2.5M | +$2.5M | — | $541M |
| PERISCOPE CAPITAL INC. | $2.4M | $9.82 | +$2.4M | +$2.4M | — | $559M |
| Lineage Point Capital LP | $2.2M | $9.82 | +$2.2M | +$2.2M | — | $409M |
| GLAZER CAPITAL, LLC | $2.0M | $9.82 | +$2.0M | +$2.0M | — | $4.51B |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | $2.0M | $9.82 | +$2.0M | +$2.0M | — | $1.98B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.46%
avg per quarter
Holders (ex-self)
—
excl. this stock
Buyers (this Q)
+0.46%
32 buyers · $0.11B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-4.0%
how holders react when this stock falls
On quiet Qs
-5.6%
−10% to +10% baseline
On rallies (+10%+)
-11.5%
how they react when this stock rises
Holders' portfolio flow this Q
+12.4%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
New buyers this quarter
ADAGE CAPITAL PARTNERS GP, L.L.C.+$0.01BTENOR CAPITAL MANAGEMENT Co., L.P.+$0.01BSONA ASSET MANAGEMENT (US) LLC+$0.01BLINDEN ADVISORS LP+$0.01BHEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND+$0.01BAQR Arbitrage LLC+$0.01BBNP PARIBAS FINANCIAL MARKETS+$0.01BD. E. Shaw & Co., Inc.+$0.00BShaolin Capital Management LLC+$0.00BVivaldi Asset Management, LLC+$0.00B
Top-5 holders · 44.3%
ADAGE CAPITAL PARTNERS GP, L.L.C.--
TENOR CAPITAL MANAGEMENT Co., L.P.--
SONA ASSET MANAGEMENT (US) LLC--
LINDEN ADVISORS LP--
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Not enough holder history to plot.
Corporate
Order Flow (FINRA, ~3w lag)
22.8%retail+5.3pp
1.1%dark+0.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.