SCHEDULE: Linden Capital Group Discloses 6.4% Stake in Iron Horse II

Sentiment:

Beneficial Ownership Report


Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong have jointly disclosed beneficial ownership of up to 6.4% of Iron Horse Acquisition II Corp.'s ordinary shares.

Summary

  • Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC.
  • The filing reports beneficial ownership of ordinary shares, par value $0.0001 per share, of Iron Horse Acquisition II Corp. (the "Issuer").
  • As of December 18, 2025, Linden Advisors LP and Siu Min Wong are deemed beneficial owners of 1,500,000 shares, representing approximately 6.4% of the class outstanding.
  • This 1,500,000 share amount consists of 1,436,406 shares held by Linden Capital and 63,594 shares held by separately managed accounts.
  • Linden Capital L.P. and Linden GP LLC are deemed beneficial owners of 1,436,406 shares, representing approximately 6.1% of the class outstanding.
  • The Reporting Persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing disclosing beneficial ownership, neither inherently positive nor negative for the company's operational performance or outlook. It simply indicates a significant passive investment by an institutional group.

Future Outlook

N/A

Industry Context

This filing is a routine disclosure of a passive investment stake by an institutional investor group in a Special Purpose Acquisition Company (SPAC). It does not provide insights into broader industry trends or competitive landscape beyond the ownership structure of Iron Horse Acquisition II Corp.

Stakeholder Impact

  • Shareholders: The disclosure of a significant institutional investor holding a passive stake may provide some level of confidence or liquidity, but does not indicate any change in company strategy or operations.

Key Dates

DateDescription
June 10, 2019Date of Siu Min Wong's Power of Attorney, referenced in the filing.
June 19, 2019Date of the statement on Schedule 13G filed by Linden Capital L.P. regarding its holdings in Haymaker Acquisition Corp II, referenced for the Power of Attorney.
December 18, 2025Date of the event which required the filing of this statement.
December 22, 2025Date the Joint Filing Agreement and the Schedule 13G were signed.

Keywords

Iron Horse Acquisition II Corp, Linden Capital, Linden Advisors, Siu Min Wong, Schedule 13G, beneficial ownership, ordinary shares, institutional investment, passive stake

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