Iris Acquisition Corp Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of cash flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash Flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Excess of fair value of Private Warrants over proceeds received
Gain on change in fair value of warrant liability
Change in fair value of warrant liabilities
Change in fair value of derivative liability
Forgiveness of unrelated vendor payables
Offering Costs
Interest income on investments held in Trust Account
Accretion of discount on related party loans
Changes in operating assets and liabilities:
Franchise tax receivable
Prepaid expenses and other current assets
Due from Sponsor
Franchise taxes payable
Income taxes payable
Due to related party
Accounts payable and accrued expenses

Net cash used in operating activities
Cash Flows from Investing Activities:
Investments and marketable securities held in Trust Account
Proceeds from sale of Investment held in Trust Account
Proceeds from Trust Account for redemptions
Proceeds from Trust Account for tax payments
Extension deposits to Trust Account
Net cash provided by investing activities

Cash Flows from Financing Activities:
Proceeds from sale of Units, net of offering costs
Proceeds from issuance of Private Warrants
Payment of underwriter discount
Redemption of Class A common stock
Proceeds from related party loan
Repayment of related party loan
Related party
Liminatus
Total related party
Repayment of promissory note
Net cash provided by (used in) financing activities

Net Change in Cash
Cash, beginning of year
Cash, end of year
Supplemental disclosure of non-cash operating and financing activities:
Initial classification of warrant liability
Accretion of Class A common stock subject to redemption value
Initial classification of warrant liabilities
Deferred underwriting fee payable charged to additional paid-in capital
Conversion of Class B common stock to Class A common stock
Remeasurement of Class A common stock subject to redemption value
Pending redemptions of Class A common shares
Derivative on promissory note - related party
Forgiveness of payable due to an affiliate of the Sponsor
Excise tax
Income taxes paid
Recovery of excess redemptions - tax claim
Deemed contribution for extension deposit from related party

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