Core Viewpoint - Integrated Rail and Resources Acquisition Corp. (IRRX) has successfully completed its business combination with Tar Sands Holdings II, LLC (TSII), resulting in the formation of a new parent entity, Uinta Infrastructure Group Corp. (UIGC), aimed at advancing infrastructure in the Uinta Basin [1][2]. Group 1: Business Combination Details - Upon completion of the transaction, IRRX public shareholders who did not redeem their shares will become shareholders of UIGC [2]. - Outstanding IRRX warrants will be exchanged for UIGC warrants at a one-to-one ratio as per the Agreement and Plan of Merger [2]. - The business combination received approval from IRRX's stockholders on June 30, 2025, and trading of IRRX's Class A common stock, warrants, and units will cease following the closing [2]. Group 2: Leadership and Future Plans - UIGC will be led by Brian Feldott as Chief Executive Officer and is preparing to file an S-1 registration statement with the U.S. Securities and Exchange Commission to list its shares and warrants on a national stock exchange [3]. - The company aims to expedite the filing and review process, although UIGC's shares and warrants may not be eligible for trading on OTC markets or any other exchange until the S-1 is effective [3]. Group 3: Statements from Leadership - Mark Michel, Chairman of the Board of Directors, expressed satisfaction with reaching this milestone and emphasized the focus on finalizing the registration statement and preparing for a new public listing [4]. Group 4: Advisory Information - Stifel acted as the exclusive financial advisor to IRRX for the business combination, while Winston & Strawn LLP and Holland & Hart LLP served as legal counsel to IRRX and TSII, respectively [5].
Integrated Rail and Resources Acquisition Corp. Announces Closing of Business Combination with Tar Sands Holdings II, LLC and Future of Uinta Infrastructure Group Corp.