Recent Updates — IRHOU
Westbrook Racing by Visit Angola has selected Electra Vehicles, Inc. (doing business as ELECTRA AI) as its Official Battery Intelligence Partner under a three-year agreement beginning with the 2026 UIM E1 World Championship season. The partnership deploys Electra’s AI Brain for Batteries™ platform and Race Boost Optimizer module to analyze post-race telemetry data, providing insights into battery health and optimizing race strategy without modifying the existing battery pack. Iron Horse Acquisition II Corp., which is in a pending business combination with Electra, issued this press release as Regulation FD disclosure. The company operates as a special purpose acquisition company focused on AI, media, and technology sectors.
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.
Iron Horse Acquisition II Corp. filed a Form 8-K to furnish Exhibit 99.1, a newsletter released by Electra Vehicles, Inc., its business combination partner. The filing discloses that Electra has secured new customers including Mooving, Omega Seiki Mobility, and Propel Industries, while expanding into grid storage via MinTech, post-quantum security with Naoris Quantum Protocol, and space applications through D-Orbit. Iron Horse and Electra have filed a Form S-4 registration statement containing a preliminary proxy statement/prospectus for the proposed business combination. The definitive proxy will be mailed to shareholders of record on a date yet to be established for voting on the transaction. This is a special purpose acquisition company (SPAC) operating in the financial services and technology sectors, currently pursuing a merger with an electric vehicle battery intelligence firm.
Iron Horse Acquisition II Corp. filed a Form 8-K to disclose a press release recapping milestones achieved since entering into a definitive Business Combination Agreement with Electra Vehicles, Inc., now rebranded as ELECTRA AI, on April 21, 2026. The transaction values the combined entity at over $250 million and is expected to close in the second half of 2026, subject to shareholder approval and SEC registration. Since signing, Electra has secured commercial deployments with Mooving, Omega Seiki Mobility, and Propel Industries, while establishing partnerships for grid-scale storage, post-quantum cybersecurity, and space applications. The companies have filed a Form S-4 registration statement, and the combined company is anticipated to trade on Nasdaq under the ticker symbol "AIBR." Iron Horse Acquisition II Corp. operates as a special purpose acquisition company focused on mergers with AI, media, and technology businesses.