Iron Horse Acquisitions Stock Surges 83% on Merger Finalization
The SPAC will combine with China Food Investment's parent, rebranding as CN Healthy Food Tech Group under the new ticker 'UCFI'.
Shares of Iron Horse Acquisitions Corp. (NASDAQ: IROH), a special purpose acquisition company, skyrocketed over 83% in after-hours trading after the company announced it had completed its business combination. The deal merges the SPAC with Rosey Sea Holdings Limited, the parent company of Chinese food-biotech firm China Food Investment (CFI).
The transaction marks the culmination of Iron Horse's mission as a SPAC, which is formed to raise capital through an IPO for the purpose of acquiring an existing private company. The newly formed entity will be named CN Healthy Food Tech Group Corp. and is set to begin trading on the Nasdaq exchange under the ticker symbols 'UCFI' and 'UCFIW' starting October 1, 2025.
The dramatic stock surge represents a significant turnaround for Iron Horse, which has faced a difficult year. Prior to the announcement, the stock had fallen more than 67% from its August peak. , the stock has been on a negative price trend across all time frames, making the post-merger spike particularly noteworthy for investors.
The merger brings a new focus to the publicly traded entity. CFI specializes in the research, development, and sale of healthy food products, tapping into the global trend of green and health-conscious consumption. This strategic combination provides CFI with a gateway to the U.S. public markets and access to a new pool of capital for growth and expansion.
Investors will be watching closely as the company transitions to its new identity. is a major step, but the market will now assess the fundamental value of CN Healthy Food Tech Group. While the stock appears undervalued by some metrics, analysis from InvestingPro points to a weak financial health score, suggesting potential operational hurdles ahead. The company's next earnings report, scheduled for November 14, 2025, will be a key event for shareholders seeking clarity on the new firm's financial footing.