DHIP Natural Resources Investments, LLC - Nov 16, 2021 Form 4 Insider Report for INTEGRATED RAIL & RESOURCES ACQUISITION CORP (IRRX)

Role: 10%+ Owner
Signature: DHIP Natural Resources Investments, LLC By:_/s/ Mark Michel Name: Mark Michel Title: Managing Partner
Stock symbol: IRRX
Transactions as of: Nov 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/10/2022, 09:41 AM
Previous filing: Nov 10, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IRRX	Class B common stock, par value $0.0001	Other	$0	-1.52M	-26.35%	$0.00	4.23M	Nov 16, 2021	Class A common stock, par value $0.0001	1.52M		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the closing of the initial public offering of Integrated Rail and Resources Acquisition Corp. (the "Issuer"), 1,515,160 shares of Class B common stock, par value $0.0001 ("Class B Common Stock") held by DHIP Natural Resources Investments, LLC were cancelled in connection with the Issuer's issuance of the same number of shares of Class B Common Stock to its anchor investors. As a result, the Reporting Person now beneficially owns 4,234,840 shares of Class B Common Stock of the Issuer. Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date, as described in the Issuer's registration statement as filed with the Securities and Exchange Commission (File No. 333-256381) under the heading "Description of Securities - Founder Shares".

Content

In connection with the closing of the initial public offering of Integrated Rail and Resources Acquisition Corp. (the "Issuer"), 1,515,160 shares of Class B common stock, par value $0.0001 ("Class B Common Stock") held by DHIP Natural Resources Investments, LLC were cancelled in connection with the Issuer's issuance of the same number of shares of Class B Common Stock to its anchor investors. As a result, the Reporting Person now beneficially owns 4,234,840 shares of Class B Common Stock of the Issuer. Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date, as described in the Issuer's registration statement as filed with the Securities and Exchange Commission (File No. 333-256381) under the heading "Description of Securities - Founder Shares".