Linden Advisors 13F: New $7.9M Stake in IRAB
Linden Advisors establishes a new stake in Iris Acquisition Corp II, purchasing 800,000 shares valued at about $7.94 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Linden Advisors opened a new position of 800,000 shares in Iris Acquisition Corp II ($IRAB), according to a 13F filing with the SEC dated May 15, 2026. It reported 800,000 shares worth $7.94 million at the end of the quarter.
Since the filing, $IRAB is up 0.0% after 1 week, up 0.3% after 1 month and up 0.9% to date (from the $9.92 close on May 15, 2026).
IRAB
Iris Acquisition Corp II
Key Points
- Linden Advisors reported a brand-new stake in Iris Acquisition Corp II by acquiring 800,000 shares.
- The newly initiated position is valued at roughly $7.94 million based on the reported cost basis.
- The 13F filing reflects holdings as of the reporting period and may not represent the current position.
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Linden Advisors Takes Position in Iris Acquisition Corp II
Linden Advisors has established a brand-new stake in Iris Acquisition Corp II (NYSE: IRAB), buying 800,000 shares during the period. According to the latest Form 13F filing with the SEC, the new investment carries a total reported value of approximately $7.94 million, with a cost basis around $9.86 per share. Because 13F filings look backward at the end of a reporting period, this filing shows the fund's holdings at that time and may not reflect its current position today.
Iris Acquisition Stock Trades Near Moving Averages
Shares of Iris Acquisition Corp II recently changed hands around $9.93, sitting right between its 50-day moving average of $9.97 and its 200-day moving average of $9.92. Over the past 52 weeks, the shell company stock has traded in a relatively tight range, touching a low of $9.81 and a high of $10.10. Its market capitalization stands at roughly $229.05 million.
Inside Iris Acquisition Corp II
Iris Acquisition Corp II operates as a blank check company based in Dubai, United Arab Emirates, with CEO Mr. Sumit Mehta at the helm. The firm has no active business operations of its own yet. Instead, its sole purpose is to hunt down a private company to merge with, acquire, or combine with through a share exchange or asset purchase. Because blank check firms hold cash in trust while searching for a deal, their shares often trade close to trust value.
What to Watch Next for IRAB
Investors tracking Linden Advisors and Iris Acquisition Corp II will need to watch for future SEC filings to see whether the fund builds on its initial stake or exits the position. As a blank check company, the primary catalyst for Iris Acquisition Corp II will be any future announcement regarding a target business combination.
Related Filing Alerts
Source: Linden Advisors's 13F filing on $IRAB (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Linden Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts