Iron Horse Acquisition II Corp. (IRHO) reported that Westbrook Racing by Visit Angola, a team in the UIM E1 World Championship, selected Electra Vehicles, Inc., doing business as Electra AI, as its 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.
IRHO and Electra are parties to a Business Combination Agreement dated April 21, 2026, and intend to consummate a business combination. The proposed transaction will be submitted to IRHO shareholders. The companies jointly filed a Form S-4 registration statement that includes a preliminary proxy statement/prospectus; definitive materials will be mailed to shareholders as of a record date to be established.
Iron Horse Acquisition II Corp. (IRHO) and Electra Vehicles, Inc., doing business as ELECTRA AI, announced that Westbrook Racing by Visit Angola selected Electra as its Official Battery Intelligence Partner under a three-year agreement beginning with the 2026 season. The deployment includes Electra’s AI Brain for Batteries platform and Race Boost Optimizer.
The platform analyzes the team’s post-race telemetry to estimate battery health, charge, power and remaining useful life, and supports race-strategy development and post-session review. The team makes the decisions; the system makes no changes to the battery management system and leaves the homologated pack as approved. Separately, IRHO and Electra have a business combination agreement that will be submitted to IRHO shareholders for consideration. Electra says the combined company is expected to list on Nasdaq in the second half of 2026 under ticker AIBR.
Iron Horse Acquisition II Corp. (IRHO) reported net income of $1,875,969 for the three months ended August 31, 2026, including $2,109,367 in Trust Account interest and $233,398 in general, formation and operational costs. For the nine months, net income was $4,535,965, including $5,820,815 in interest and $1,284,850 in costs.
IRHO has a proposed business combination with Electra Vehicles, Inc. at a base purchase price of $250,000,000 plus the Aggregate Exercise Price, payable in post-domestication common shares valued at $10.00 per share. The consideration is subject to automatic upward adjustment until it represents at least 50.1% of the Aggregate Company Fully Diluted Shares. Electra holders may earn up to 15,000,000 additional shares in three equal tranches based on share-price or annual run-rate milestones. Closing remains subject to conditions, including shareholder approvals and closing cash equaling or exceeding $30,000,000.
As of August 31, 2026, $235,645,815 was held in trust and cash outside the Trust Account was $1,522. Management identified substantial doubt about IRHO’s ability to continue as a going concern and reported ineffective disclosure controls due to two material weaknesses. Of $255,000 in past-due notes receivable from Electra, $150,000 was collected on October 2, 2026, leaving $105,000 outstanding.
Iron Horse Acquisition II Corp. announced an updated investor presentation dated October 8, 2026, for its previously announced proposed business combination with Electra Vehicles, Inc. Electra is described as focused on AI-powered battery intelligence for battery energy storage systems, data centers and AI infrastructure, electric vehicles and fleets, robotics, drones, and aerospace systems.
The proposed combination will be submitted to IRHO shareholders for consideration. Iron Horse Acquisition II Corp. and Electra have filed a Form S-4 registration statement that includes a preliminary Proxy Statement/Prospectus; a definitive version is to be mailed to shareholders as of a record date to be established.
Iron Horse Acquisition II Corp. announced an updated investor presentation for its proposed business combination with Electra Vehicles, Inc. The presentation states a $250 million pre-money equity value for Electra, paid in stock at $10.00 per share. In the illustrative S-4 maximum-redemptions case, assumed redemptions are 81.6% at approximately $10.06 per share; Electra holders are shown with 65.8% ownership of the combined company.
That case lists $27.6 million of cash to the balance sheet, $16.3 million of estimated transaction expenses and $352.9 million of pro forma enterprise value. The presentation says a $50 million PIPE is not committed and is excluded. It identifies a 5.3 TWh pipeline opportunity, but says pipeline conversion figures reflect management's assessment and are not contracted or committed revenue. The financial information is unaudited and does not conform to Regulation S-X; the projections were not audited or reviewed by either company's independent auditors.
Iron Horse Acquisition II Corp. (IRHO) and Electra Vehicles, Inc. are parties to a business combination agreement, and the companies have filed a Form S-4 registration statement that includes a preliminary proxy statement/prospectus. The proposed transaction will be submitted to IRHO shareholders for consideration. Electra also released a newsletter describing certain recent developments.
Iron Horse Acquisition II Corp. furnished Electra Vehicles’ September 30, 2026 newsletter, which describes updates five months after the companies signed a business combination agreement. Electra says Mooving selected its ELECTRA AI service for battery intelligence across Mooving’s battery-swapping network, with deployment underway. The newsletter also lists Omega Seiki Mobility and Propel Industries as new customers, and describes grid storage, post-quantum security and space as new frontiers associated with MinTech, Naoris Quantum Protocol and D-Orbit.
Electra describes its EVE-Ai Battery Fleet Analytics service as providing Mooving continuous SoH and RUL analytics, fault detection and operational guidance for every pack. The newsletter cites an AAA survey in which 62% named battery repair and replacement costs as the leading EV barrier, ahead of price and charging. The proposed business combination is to be submitted to Iron Horse shareholders; Iron Horse and Electra have filed an S-4 that includes a preliminary proxy statement/prospectus.
Iron Horse Acquisition II Corp. (IRHO) reported that it and Electra Vehicles, Inc. issued a joint press release on September 22, 2026, recapping milestones achieved since they entered into a Merger Agreement dated April 21, 2026. The planned Business Combination will be submitted to IRHO shareholders for approval after a joint Registration Statement on Form S-4, including a Proxy Statement/Prospectus, is filed with the SEC and a definitive version is mailed to shareholders of record. The disclosure emphasizes extensive forward-looking statements and clarifies that this communication is not an offer to sell or a solicitation to buy securities.
Iron Horse Acquisition II Corp. (IRHO) filed a current report highlighting a press release from IRHO and Electra Vehicles, Inc. (now ELECTRA AI) that recaps milestones since they signed a definitive Business Combination Agreement on April 21, 2026. The proposed transaction values ELECTRA at an implied equity value of $250 million+, including earn-out targets, and is expected to close in the second half of 2026, after Iron Horse stockholder approval and other customary conditions, with the combined company listed on Nasdaq as “AIBR”.
The press release emphasizes ELECTRA AI’s momentum, including new deployments with Mooving, Omega Seiki Mobility and Propel Industries, a technical collaboration with MinTech, a cybersecurity partnership with Naoris Quantum Protocol, and an MoU with D-Orbit to extend its AI Brain for Batteries™ platform into space. It also notes ELECTRA’s rebrand, filing of a Form S‑4 registration statement, formation of a Strategic Advisory Board, and ongoing investor outreach, while reiterating detailed forward‑looking statement and no‑offer/disclaimer language.
Iron Horse Acquisition II Corp. (IRHO) reported under Regulation FD that, on September 1, 2026, IRHO and Electra Vehicles, Inc. issued a press release announcing that Mooving, a smart battery-swapping network in India, selected Electra’s EVE-Ai Battery Fleet Analytics to monitor and optimize batteries across its network.
IRHO also states that the previously announced Business Combination between IRHO and Electra will be submitted to IRHO shareholders for approval. IRHO and Electra plan to jointly file a registration statement on Form S-4 containing a Proxy Statement/Prospectus, which will be mailed in definitive form to shareholders of record for the extraordinary meeting.