Iris Acquisition Corp II (Ticker: IRABU US) is a Cayman Islands-incorporated blank check company, headquartered in the United Arab Emirates, operating as a Special Purpose Acquisition Company. The firm was formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more businesses, though it has not reportedly selected a specific target yet. The company plans to list on the New York Stock Exchange on February 3, 2026.

The company is offering 15 million units at a price of USD 10.00 per unit, raising USD 150 million in total proceeds. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. According to regulatory filings, Iris Acquisition Corp II plans to use the IPO proceeds to pursue a business combination. The sole book-running manager for the offering is reportedly Cohen & Company Capital Markets. The company's management team is led by CEO Sumit Mehta and Chairman Rohit Nanani. The underwriters have also been granted a 45-day option to purchase up to an additional 2.25 million units to cover potential over-allotments.