Iron Horse Acquisition II Corp. (IRHO) furnished Electra Vehicles, Inc.’s newsletter and investor presentation dated November 2, 2026, concerning the proposed business combination between the companies. The transaction will be submitted to IRHO shareholders for consideration. IRHO 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 voting record date to be established.
The presentation may be used in meetings with potential investors, including in connection with a potential private investment in public equity (PIPE) financing. No PIPE financing had been committed as of November 2, 2026.
Iron Horse Acquisition II Corp. furnished Electra Vehicles, Inc.’s newsletter and investor presentation describing their proposed business combination. The presentation lists Electra’s pre-money equity value at $250 million, with stock consideration at $10.00 per share. Its illustrative maximum-redemptions case assumes 81.6% public-share redemptions at approximately $10.06 per share and shows a pro forma enterprise value of $352.9 million. A proposed $50 million PIPE was not committed and is excluded from that scenario.
The business combination remains proposed and will be submitted to IRHO shareholders; a Form S-4 registration statement containing a preliminary proxy statement/prospectus has been filed. The presentation says its financial information is unaudited and does not conform to Regulation S-X, and that its projections were not audited, reviewed, or compiled by either company’s independent auditors. Its 5.3 TWh total pipeline in 2026 estimate includes non-binding discussions and is not guaranteed.
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 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. 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) 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 that on September 1, 2026, it and Electra Vehicles, Inc. announced Mooving, a smart battery-swapping network in India, has selected Electra’s EVE-Ai Battery Fleet Analytics to monitor and optimize batteries across Mooving’s network, with deployment underway.
The disclosure also reiterates that IRHO and Electra plan to complete a Business Combination, to be submitted to IRHO shareholders after a joint Form S-4 registration statement with a proxy statement/prospectus is filed and declared effective. Extensive forward‑looking statement and no‑offer/solicitation disclaimers emphasize that the transaction and expected benefits are subject to multiple risks and conditions.
Iron Horse Acquisition II Corp. (IRHO) furnished, under a Regulation FD disclosure, an Electra Vehicles, Inc. newsletter dated August 31, 2026, in connection with their pending business combination agreement. The newsletter, branded Electra AI, highlights its AI Brain for Batteries™ platform for real-time battery health, analytics and risk prediction across stationary storage and mobility.
The update describes collaborations with MinTech, a KOSDAQ-listed battery diagnostics specialist, and Omega Seiki Mobility in India to integrate Electra AI’s intelligence into battery energy storage systems and EV fleets. It also references investor presentation clips quantifying problems such as higher costs from unplanned failures and ROI erosion, and outlines Electra’s focus on predictive degradation modeling and performance benchmarking.
Iron Horse and Electra have filed a Registration Statement on Form S-4 with the SEC that includes a proxy statement/prospectus for IRHO shareholders to vote on the proposed business combination. The materials emphasize that many statements are forward-looking, subject to risks described in SEC filings, and that the newsletter and 8-K do not constitute an offer or solicitation for any securities.
Iron Horse Acquisition II Corp. (IRHO) reported that its proposed merger partner Electra Vehicles, Inc. (ELECTRA AI) has entered into a technical collaboration with Korea-based MinTech Co., Ltd. MinTech will feed operational data from its battery diagnostic and inspection equipment into ELECTRA’s SaaS Battery Fleet Analytics platform, which applies AI models for real-time state diagnosis, deep analytics, and risk prediction for grid‑scale battery energy storage systems (BESS). The partnership aims to help BESS operators move from reacting to failures toward predicting and preventing them. Electra AI has a definitive business combination agreement with IRHO, and the combined company is expected to list on Nasdaq in the second half of 2026 under the ticker AIBR, subject to shareholder approval and other customary closing conditions.