• Iris Acquisition II issued a non-interest-bearing unsecured promissory note for up to $250,000 on October 20, 2026.
• Principal and additional return are payable at the earlier of an initial business combination or liquidation.
• Additional return equals 150% of principal for business combinations completed by December 31, 2027, rising to 250% for later completions.
• Without a business combination, repayment is limited to funds remaining outside the trust account, if any.
• Proceeds will fund company expenses and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iris Acquisition Corp. II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-004972), on October 23, 2026, and is solely responsible for the information contained therein.