CN Healthy Food Tech Group Corp (OTC: UCFI) is a blank-check special purpose acquisition company that was formed to identify and complete a merger or acquisition with one or more target businesses. The company generates no operating revenue. Instead, it raised $69,000,000 in net proceeds through an initial public offering, which were placed into a trust account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, pending completion of an initial business combination. The filing, a 10-K for the fiscal year ended December 31, 2024, was submitted under the name Iron Horse Acquisitions Corp, the entity's operating name at the time of filing. The company carried a going concern qualification as of the filing date of February 21, 2025, with auditors citing doubt about its ability to continue operations given a mandatory liquidation deadline and no completed business combination. Jose Antonio Bengochea serves as Chief Executive Officer and Director, and William Caragol serves as Chief Financial Officer and Chief Operating Officer.

Revenue model

No operating revenue. The company holds IPO proceeds in a trust account and earns interest income on those funds, which may be used to pay tax obligations. All principal trust proceeds are reserved for the eventual business combination or shareholder redemption.

Products and services

No products or services. The company is a blank-check SPAC seeking an initial business combination target. It has issued public units, public warrants, private placement warrants, founder shares, and representative shares as part of its capital structure.

Customers and end markets

No commercial customers or end markets. The company's counterparties are its public shareholders, IPO underwriters, and a prospective acquisition target not yet identified as of the filing date.

Value-chain role

Capital aggregation vehicle. The company pools public shareholder capital in trust and deploys it upon completion of a qualifying business combination. It has no operational role in any product or service supply chain.

Geographic exposure

Incorporated in the United States and listed on NASDAQ. No disclosed geographic focus for acquisition targets as of the 10-K filed February 21, 2025.

Source: SEC 10-K, filed 2025-02-21

Industry: Food and Kindred Products