DHIP Natural Resources Investments, LLC 4
4 · INTEGRATED RAIL & RESOURCES ACQUISITION CORP · Filed Mar 10, 2022
Insider Transaction Report
Form 4
Transactions
- Other
Class B common stock, par value $0.0001
2021-11-16−1,515,160→ 4,234,840 total→ Class A common stock, par value $0.0001 (1,515,160 underlying)
Footnotes (1)
- [F1]In connection with the closing of the initial public offering of Integrated Rail and Resources Acquisition Corp. (the "Issuer"), 1,515,160 shares of Class B common stock, par value $0.0001 ("Class B Common Stock") held by DHIP Natural Resources Investments, LLC were cancelled in connection with the Issuer's issuance of the same number of shares of Class B Common Stock to its anchor investors. As a result, the Reporting Person now beneficially owns 4,234,840 shares of Class B Common Stock of the Issuer. Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date, as described in the Issuer's registration statement as filed with the Securities and Exchange Commission (File No. 333-256381) under the heading "Description of Securities - Founder Shares".