- Business
- Iron Horse Acquisitions Corp. operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more target businesses. The company initially targets businesses in the media and entertainment sector, including content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands; it focuses principally on opportunities in the United States. Incorporated in 2021 and headquartered in Toluca Lake, California, Iron Horse went public in December 2023 through an initial public offering represented by units trading under the ticker IROHU, each consisting of one share of common stock and one-half of one redeemable warrant.
In a major strategic development, Iron Horse completed a reverse merger business combination on September 30, 2025, with Rosey Sea Holdings Limited, the British Virgin Islands parent of Zhong Guo Liang Tou Group Limited (d/b/a China Food Investment, or CFI), resulting in the combined entity operating as CN Healthy Food Tech Group Corp. and trading on Nasdaq under the new tickers UCFI and UCFIW effective October 1, 2025. This transaction, initially agreed on September 29, 2024, and amended on December 18, 2024, followed shareholder approval at special meetings on June 20 and 25, 2025, and receipt of necessary legal clearances, including from the People's Republic of China. Following the merger, Iron Horse's operations integrate with CFI, an enterprise focused on research, development, production, and sales of food biotech and healthy products promoting green consumption concepts, with aims to lead online-offline health food sales in Asia and internationally.