Activist Investor Jeff Smith is Buying These 5 SPACs in 2022

2. Integrated Rail & Resources Acquisition Corp (NYSE:IRRX)

Starboard Value LP Stake Value: $9,332,000

Percentage of Starboard Value’s 13F Portfolio: 0.12%

Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in railroad companies in North America. Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) was incorporated in 2021 and is based in Fort Worth, Texas.

In the first quarter of 2022, Jeff Smith’s Starboard Value went long in Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) and purchased more than 0.93 million shares of the shell company. The fund’s stakes in the company, as of March 31, are valued at $9.33 million. The investment covers 0.12% of Starboard Value’s 13F portfolio.