MergerApr 22, 2026, 04:16 PM
IRHO to Merge with Electra Vehicles, Renaming to Electra AI, Inc.
AI Summary
Iron Horse Acquisition II Corp. (IRHO) announced a definitive merger agreement with Electra Vehicles, Inc., a company specializing in AI-powered battery intelligence for electric vehicles and energy storage systems. The transaction involves IRHO domesticating to Delaware, followed by its subsidiary merging with Electra. Post-merger, Electra will become a wholly-owned subsidiary of IRHO, and IRHO will be renamed "Electra AI, Inc.". The board of directors of IRHO has unanimously approved the merger.
Key Highlights
- IRHO entered a merger agreement with Electra Vehicles, Inc. on April 21, 2026.
- IRHO will domesticate from Cayman Islands to Delaware.
- IRHO Merger Sub Inc. will merge with Electra, making Electra a wholly-owned subsidiary.
- Electra focuses on AI-powered battery intelligence for EVs and energy storage.
- Parent company IRHO will change its name to "Electra AI, Inc." post-merger.