Iron Horse Acquisition II Corp. reports SPAC-related developments involving material agreements, shareholder voting matters, capital-structure disclosure, governance changes and operating and financial results. The company's news profile is tied to its blank-check structure, Nasdaq-listed ordinary shares, units and rights, and the corporate processes associated with a potential business combination.
Iron Horse Acquisition II (Nasdaq: IRHO) and ELECTRA AI announced ELECTRA's selection as Westbrook Racing by Visit Angola's Official Battery Intelligence Partner. The three-year agreement begins with the 2026 season and covers deployment of ELECTRA's AI Brain for Batteries platform and Race Boost Optimizer module.
The software uses the team's post-race telemetry, the same data available to all teams, to analyze battery condition and support course-specific race strategy. It leaves the approved battery pack and battery management system unchanged, with race decisions remaining with the team. ELECTRA will join the team trackside at the Miami races in November. ELECTRA has a definitive business combination agreement with Iron Horse; the combined company is expected to list on Nasdaq in the second half of 2026 under AIBR.
ELECTRA AI and Iron Horse Acquisition II Corp. (IRHO) highlight commercial and strategic progress since signing their definitive Business Combination Agreement on April 21, 2026, which values ELECTRA at approximately $250 million+, including earn-out targets, and is expected to close in the second half of 2026 with the combined company listed on Nasdaq under “AIBR”.
Since signing, ELECTRA AI has secured deployments with Mooving and Propel Industries and a partnership with Omega Seiki Mobility in India, expanding its EVE-Ai Battery Fleet Analytics across battery-swapping networks, electric mining fleets, and EV ecosystems. Additional collaborations extend the AI Brain for Batteries™ platform into grid-scale storage and BESS risk prediction with MinTech, post-quantum cybersecurity with Naoris Quantum Protocol, and satellite applications via a memorandum of understanding with D-Orbit. The company rebranded from Electra Vehicles to ELECTRA AI, established a Strategic Advisory Board, filed a Form S-4 with the SEC, and released updated investor materials as it advances toward a proposed Nasdaq listing.
Iron Horse Acquisition II (Nasdaq: IRHO) and ELECTRA AI announced that Indian smart battery-swapping network Mooving has selected ELECTRA’s EVE-Ai Battery Fleet Analytics to monitor and optimize batteries across Mooving’s swapping network. The platform will provide continuous State of Health and Remaining Useful Life analytics, fault detection, and operational guidance for the shared battery pool, with deployment already underway.
ELECTRA AI develops the AI Brain for Batteries™ platform, applying agentic and physics-informed AI models to turn batteries into intelligent, adaptive assets across energy infrastructure, autonomous systems, and e-mobility. ELECTRA AI has signed a definitive business combination agreement with Iron Horse Acquisition II; the combined company is expected to list on Nasdaq in the second half of 2026 under the ticker AIBR. Iron Horse, a SPAC focused on AI, media, and technology, completed its IPO in December 2025, raising approximately $230 million in gross proceeds.
Iron Horse Acquisition II (Nasdaq: IRHO) and ELECTRA AI announced a technical collaboration with Korea-based MinTech to enhance AI‑powered risk prediction for battery energy storage systems (BESS). MinTech will provide operational data from its battery diagnostic and inspection equipment to ELECTRA’s SaaS-based Battery Fleet Analytics solution on the AI Brain for Batteries™ platform.
ELECTRA’s AI models will use this data for real-time state diagnosis, deep analytics, and risk prediction, aiming to flag emerging battery issues before failure and give BESS operators earlier visibility into battery health. ELECTRA has a definitive business combination agreement with Iron Horse, with the combined company expected to list on Nasdaq in the second half of 2026 under the ticker AIBR. Iron Horse previously raised approximately $230 million in gross proceeds in its December 2025 IPO.
Iron Horse Acquisition II (Nasdaq: IRHO) and ELECTRA AI announced that ELECTRA has entered into a strategic partnership with Omega Seiki Mobility (OSM), a leading Indian electric vehicle maker, to integrate ELECTRA’s AI Brain for Batteries™ across OSM’s EV ecosystem.
The collaboration is expected to deliver real-time battery monitoring, State of Health (SoH) and Remaining Useful Life (RUL) estimations, and predictive analytics to support proactive maintenance, stronger warranty management, and data-driven product development. According to ELECTRA AI, these capabilities are intended to improve fleet productivity, financing confidence, and the ownership experience across OSM’s commercial EV users in India. ELECTRA AI has also entered into a definitive business combination agreement with Iron Horse, with the combined company expected to list on Nasdaq in the second half of 2026 under the ticker AIBR. Iron Horse previously raised approximately $230 million in its December 2025 IPO.
Iron Horse Acquisition II Corp. (Nasdaq: IRHO) highlights that ELECTRA AI’s EVE-Ai Battery Fleet Analytics has been selected by TapFin, India’s AI-native battery data intelligence platform, to enhance battery-level intelligence for lenders, OEMs, operators, and sustainability stakeholders. TapFin will use ELECTRA AI’s platform to add continuous State of Health and Remaining Useful Life analytics, fault detection, and operational guidance across the asset lifecycle, with deployment already underway.
According to ELECTRA AI, it operates an AI Brain for Batteries™ platform serving sectors such as energy infrastructure, autonomous systems, and e-mobility. ELECTRA AI has entered into a definitive business combination agreement with Iron Horse, and the combined company is expected to list on Nasdaq in the second half of 2026 under the ticker AIBR. Iron Horse is a SPAC that raised approximately $230 million in its December 2025 IPO, focused on AI, media, and technology targets.
ELECTRA AI and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) announced ELECTRA AI’s contribution to the Volta Foundation AIDC Committee paper, “Where Batteries Can Win in Data Center Applications.” ELECTRA AI’s Head of Marketing & Communications, Giovanni Rossi, served as a contributor to the report.
The paper argues AI data centers are increasingly constrained by power delivery, highlighting battery energy storage systems as a faster-to-deploy option than traditional grid assets. It emphasizes that value is shifting from battery cells to system-level intelligence, aligning with ELECTRA AI’s AI Brain for Batteries™ platform. The release also notes ELECTRA AI’s existing definitive business combination agreement with Iron Horse, with the combined company expected to list on Nasdaq under ticker AIBR in the second half of 2026.
Iron Horse Acquisition II Corp. (Nasdaq: IRHO) and ELECTRA AI announced that Propel Industries, a leading Indian manufacturer of mining and construction equipment, has selected ELECTRA AI’s EVE-Ai Battery Fleet Analytics to monitor and optimize batteries across its growing fleet of electric mining and haulage assets, including EV dumper and tractor‑trailer trucks.
The EVE-Ai platform will provide Propel with continuous State of Health and Remaining Useful Life analytics, fault detection, and operational guidance, with deployment already underway. ELECTRA AI, described as an AI-driven cleantech and B2B software company focused on battery intelligence across sectors such as energy infrastructure, autonomous systems, and e-mobility, has a definitive business combination agreement with Iron Horse. The combined company is expected to list on Nasdaq in the second half of 2026 under the ticker AIBR. Iron Horse previously raised approximately $230 million in gross proceeds in its December 2025 IPO.
ELECTRA AI, the AI Brain for Batteries platform, and Iron Horse Acquisition II Corp (Nasdaq: IRHO) announced that ELECTRA AI’s management will attend ROTH's 16th Annual London Conference on June 16-18, 2026, at the Four Seasons Hotel London at Park Lane.
ELECTRA AI's CEO and CFO will be available for one-on-one and small-group investor meetings during the event.
Electra AI (IRHO) and Naoris Quantum Protocol announced a partnership on June 9, 2026 to integrate post-quantum, decentralized trust into Electra’s AI Brain for Batteries™ platform.
The collaboration targets secure, verifiable AI battery intelligence across grid storage, renewables, data centers, robotics, space assets, and electric mobility, using post-quantum cryptography and decentralized device integrity. It aims to address long-lived battery assets, harvest-now-decrypt-later risks, and tightening rules such as the EU Battery Passport, NIS2, and UNECE R155.