Mergers & Acquisitions ·
Iron Horse Acquisition II updates investor presentation for proposed $250M merger with Electra Vehicles
IRHOIron Horse Acquisition II Corp.
Iron Horse Acquisition II Corp. filed an updated investor presentation regarding its previously announced business combination with Electra Vehicles, Inc., a Delaware corporation focused on AI-powered battery intelligence solutions. The transaction values Electra at a pre-money equity value of $250 million, with the combined company expected to have approximately 38 million pro forma shares outstanding. The filing reiterates that the merger remains subject to shareholder approval and SEC registration statement effectiveness. Iron Horse Acquisition II Corp. operates as a blank check company formed for effecting a merger, capital stock issuance, or other business combination.