Integrated Rail and Resources Acquisition Corp. announced a private placement of unsecured promissory note for aggregate principal amount of $17,935 on September 14, 2023. The transaction included participation from new lender, DHIP Group.

No interest shall accrue on the unpaid principal balance of the promissory note. All unpaid principal under the promissory note will be due and payable in full on the earlier of February 15, 2024, and the date on which the company consummates the business combination.