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Iron Horse Acquisitions Announces Business Combination Agreement With Parent of Zhong Guo Liang Tou Group Limited (D/B/A China Food Investment)
Iron Horse Acquisitions Corp. (NASDAQ: "IROH"), a Delaware corporation formed as a special purpose acquisition company ("Iron Horse"), today announced that it has entered into a definitive business combination agreement dated September 27, 2024 (the "BCA") with Rosey Sea Holdings Limited (興海控股有限公司), a British Virgin Islands company ("Rosey Sea"), and the parent company of Zhong Guo Liang Tou Group Limited (中国粮投集团有限公司), d/b/a China Food Investment, a British Virgin Islands company (collectively, "CFI").
Iron Horse is the first vehicle in the Iron Horse family of SPACs, the management of which is excited to announce its first SPAC business combination with this release. EF Hutton LLC acted as sole book running manager in the initial SPAC offering and served as Capital Markets Advisor to Iron Horse. Upon consummation of the proposed business combination, Iron Horse will acquire from Rosey Sea one hundred percent of the issued and outstanding equity capital of CFI, resulting in CFI becoming a wholly owned subsidiary of Iron Horse, with Iron Horse planning to change its name to China Food Investment.
CFI is a company focused on the production and sale of health and agricultural biotechnology food products through subsidiaries in Hong Kong, PRC and Mainland China. By integrating health-focused research and development, the Company, including through the distribution of its food products, advocates the consumption of green and healthy food as the industry continues to grow in Asia and internationally. CFI has a growing sales community and product reach and is now conducting a more expansive commercial launch with the goal of becoming a leading online-offline health foods sales group in Asia and internationally.
Iron Horse is the first vehicle in the Iron Horse family of SPACs, the management of which is excited to announce its first SPAC business combination with this release. EF Hutton LLC acted as sole book running manager in the initial SPAC offering and served as Capital Markets Advisor to Iron Horse. Upon consummation of the proposed business combination, Iron Horse will acquire from Rosey Sea one hundred percent of the issued and outstanding equity capital of CFI, resulting in CFI becoming a wholly owned subsidiary of Iron Horse, with Iron Horse planning to change its name to China Food Investment.
CFI is a company focused on the production and sale of health and agricultural biotechnology food products through subsidiaries in Hong Kong, PRC and Mainland China. By integrating health-focused research and development, the Company, including through the distribution of its food products, advocates the consumption of green and healthy food as the industry continues to grow in Asia and internationally. CFI has a growing sales community and product reach and is now conducting a more expansive commercial launch with the goal of becoming a leading online-offline health foods sales group in Asia and internationally.
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