Mergers & Acquisitions ·
Electra raises $5M bridge financing as SPAC merger amendment filed with SEC for expected 2027 closing
IRHOIron Horse Acquisition II Corp.
Iron Horse Acquisition II Corp. and Electra Vehicles, Inc. issued a joint press release announcing the filing of Amendment No. 1 to their Registration Statement on Form S-4 with the SEC. The amendment reflects responses to SEC staff comments regarding the proposed business combination between the SPAC and the electric vehicle technology company. Concurrently, Electra announced it has raised approximately $5 million in bridge financing to support commercial execution as the parties work toward closing the merger, which is expected in the first quarter of 2027 subject to shareholder approval and SEC effectiveness. Iron Horse Acquisition II Corp. operates as a special purpose acquisition company focused on mergers with companies in AI, media, and technology sectors.