Integrated Rail & Resources Acquisition shareholders approve business combination

Integrated Rail & Resources Acquisition Corp. (OTC Pink:IRRXU, IRRX, IRRXW) announced Monday that its shareholders approved all proposals at a special meeting, including a business combination with Uinta Infrastructure Group Corp. and related entities. The information is based on a press release statement included in a recent SEC filing.

At the special meeting, holders of 4,525,002 shares of Class A common stock, representing approximately 78.12% of the voting power, were present in person or by proxy. All proposals were approved unanimously, with 4,525,002 votes for and none against or abstaining.

Shareholders approved the Agreement and Plan of Merger, as amended, by and among Integrated Rail & Resources Acquisition Corp., Uinta Infrastructure Group Corp., Uinta Lower Holdings, Inc., Uinta Merger Co., Uinta Merger LLC, Tar Sands Holdings II, LLC, and Endeavor Capital Group, LLC. The approval covers the business combination and related transactions as defined in the merger agreement.

In addition, shareholders approved the adoption of the amended and restated certificate of incorporation for the post-combination company, certain governance provisions on a non-binding advisory basis, the election of seven directors to the new board, and an equity incentive plan. Each proposal received the same vote count: 4,525,002 in favor, none against, and no abstentions.

Stockholders holding a total of 16,528 shares of Class A common stock exercised their right to redeem shares for a pro rata portion of the funds in the trust account. As a result, $233,623.84, or approximately $13.53 per share, will be distributed from the trust account to these holders.

The company’s securities are quoted on OTC Pink under the symbols IRRXU (units), IRRX (Class A common stock), and IRRXW (warrants).

This article is based on a press release statement included in an SEC filing submitted Monday.

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