Iron Horse Acquisition II Corp. and Electra Vehicles, Inc. announced that Electra has entered into a strategic partnership with Omega Seiki Mobility to integrate advanced battery health intelligence across Omega Seiki’s electric vehicle ecosystem in India. The integration is designed to provide real-time monitoring, predictive analytics, and accurate State of Health and Remaining Useful Life estimations to improve vehicle performance, extend battery life, and support financing and asset-management decisions.
The disclosure also reiterates that Iron Horse and Electra plan to complete a proposed Business Combination, which will be submitted to Iron Horse shareholders and described in a joint Form S-4 registration statement containing a proxy statement/prospectus. The press release attached as an exhibit is furnished, not filed, and includes extensive forward-looking statement and no-offer disclaimers.
Iron Horse Acquisition II Corp. and its proposed merger partner Electra Vehicles, Inc. (ELECTRA AI) disclosed that TapFin, an India-based AI-native battery data intelligence platform, has selected ELECTRA’s EVE-Ai Battery Fleet Analytics to enhance battery-level intelligence for lenders, OEMs, operators, and sustainability ecosystem participants. Deployment of the solution is underway.
The disclosure sits within the context of a planned Business Combination between Iron Horse and Electra, for which a registration statement on Form S-4 including a proxy statement/prospectus has been prepared for Iron Horse shareholders’ approval of the transaction. The current report furnishes, but does not file, the related press release as an exhibit.
Iron Horse Acquisition II Corp. reports that Electra Vehicles, Inc. released a newsletter on July 30, 2026, providing business updates while the companies pursue a Business Combination. Electra highlights that Propel Industries, an Indian leader in crushing, screening, and washing equipment with over 2,900 installations in more than 36 countries, has selected the ELECTRA AI Brain for Batteries™ platform for its expanding electric mining fleet, with deployment underway.
The newsletter also notes Electra AI’s contribution, through its Head of Marketing, to the Volta Foundation AI and Data Center Committee paper on where batteries can win in data center applications, emphasizing that AI buildout is increasingly constrained by power rather than compute. Electra frames electrification as a multi-sector opportunity, citing research that sizes mobility at approximately $1.4 trillion by 2029, data centers near $914 billion, robotics at $128 billion, and grid storage at $96 billion.
Iron Horse and Electra describe their planned Business Combination, reference a registration statement on Form S-4 that includes a proxy statement/prospectus, and state that IRHO shareholders will later receive definitive proxy materials for voting. Extensive forward-looking statement and no-offer disclaimers apply, and the furnished materials are not presented as an offer or solicitation for any securities.
Iron Horse Acquisition II Corp., a SPAC, reported net income of $1.3 million for the quarter and $2.66 million for the six months ended May 31 2026, driven by $3.71 million of interest on $233.54 million of cash and investments held in its trust account. Operating costs for the six-month period were $1.05 million.
The company completed its IPO on December 18 2025, selling 23,000,000 units at $10.00 each and 570,000 private placement units, and placed $230.0 million into the trust account. As of May 31 2026 it had $46,833 of cash outside the trust account, working capital of $295,740, and a shareholders’ deficit of $10.94 million, mainly from redeemable Class A shares recorded at redemption value.
The company entered into a Business Combination Agreement with Electra Vehicles, Inc., under which it will domesticate to Delaware and acquire Electra for equity valued at a $250 million base purchase price plus the aggregate exercise price of in-the-money options, payable in IRHO common shares with an earnout of up to 15,000,000 additional shares. Management discloses substantial doubt about the company’s ability to continue as a going concern absent completing a business combination within the 24‑month combination period.
Iron Horse Acquisition II Corp. is furnishing new investor materials about its planned merger with Electra Vehicles, Inc. (ELECTRA AI). The 8-K includes an updated investor presentation and press release tied to their previously announced Business Combination.
The deal is described as a Business Combination Agreement valued at over $250 million, including earn-out targets, unanimously approved by both boards and expected to close in the second half of 2026, subject to Iron Horse stockholder approval, SEC registration and customary conditions. Upon closing, the combined company is expected to operate as ELECTRA AI and remain listed on Nasdaq under ticker symbol AIBR.
The presentation highlights ELECTRA AI as an asset-light, AI battery intelligence platform serving energy storage, data centers, autonomous systems and e-mobility, with a 5.3 TWh opportunity pipeline, around 1 GWh of batteries already controlled, about 20 issued and pending patents, and an expected contribution margin of roughly 70–75% on software-driven revenue.
Iron Horse Acquisition II Corp. entered into an amendment to its merger agreement with Electra Vehicles, Inc. and announced that a registration statement on Form S-4 has been filed for their proposed business combination. The deal values Electra at an implied equity value of approximately $250 million+, including earn-out targets.
The transaction has been unanimously approved by both companies’ boards and is expected to close in the second half of 2026, subject to SEC review of the Form S-4, shareholder approvals, Nasdaq listing approval, and other customary closing conditions. After closing, the combined company is expected to operate as ELECTRA and to trade on Nasdaq under the ticker “AIBR.”
Iron Horse Acquisition II Corp. Amendment No. 2 to a Schedule 13G/A states that MMCAP International Inc. SPC and MM Asset Management Inc. jointly report beneficial ownership of 1,500,000 ordinary shares, representing 5.1% of the class. The filing lists shared voting and dispositive power over the reported shares and is signed under a joint filing agreement.
Iron Horse Acquisition II Corp. is highlighting its proposed Business Combination with Electra Vehicles, Inc. (ELECTRA AI) through an updated investor presentation and press release. The transaction is described as a definitive Business Combination Agreement valued at over $250 million, including earn-out targets, and has been unanimously approved by both boards. Upon closing, the combined company is expected to operate as ELECTRA AI, remain listed on Nasdaq under the ticker “AIBR,” and position itself as a pure-play AI battery intelligence company. An S-4 registration statement is expected to be filed, with the deal targeted to close in the second half of 2026, subject to shareholder approval, SEC registration, Nasdaq listing requirements, and other customary conditions.
Iron Horse Acquisition II Corp. is merging with Electra Vehicles, Inc. in a SPAC business combination to create Electra AI, Inc. Iron Horse will first domesticate from the Cayman Islands to Delaware, then its merger subsidiary will combine with Electra, which will become a wholly owned subsidiary.
The Base Purchase Price is $250,000,000 plus the Aggregate Exercise Price, payable in Iron Horse common shares valued at $10.00 per share, with up to 3,994,802 shares as Class B stock. Electra shareholders, optionholders and noteholders will also be eligible for up to 15,000,000 additional earnout shares over a five-year period if milestones are met.
Closing is targeted for the second half of 2026, subject to shareholder approvals, an effective Form S-4, Nasdaq listing approval and at least $30,000,000 of closing cash. After closing, the combined company is expected to trade on Nasdaq under a new ticker and focus on Electra’s AI-powered battery intelligence platform.
Iron Horse Acquisition II Corp. director Wade Thayer filed an initial Form 3 reporting his beneficial ownership in the company. The filing shows that, following the reportable event, he held no ordinary shares of Iron Horse Acquisition II Corp. in direct ownership.