Iron Horse Acquisition II Corp.

Electra Vehicles, Inc. (Electra), currently party to a business combination agreement with Iron Horse Acquisition II Corp. (IRHO), released a newsletter detailing recent developments. Key updates include new customer acquisitions such as Mooving, Omega Seiki Mobility, and Propel Industries, alongside expansion into grid storage, post-quantum security, and space markets through partnerships with MinTech, Naoris Quantum Protocol, and D-Orbit, respectively. The company reiterates its core thesis that battery value is shifting towards intelligence and highlights the capabilities of its AI Brain for Batteries™ platform.

Iron Horse Acquisition II Corp. (IRHO) announced that Electra Vehicles, Inc. (Electra AI), its merger partner, has secured a significant partnership. TapFin, an AI-native battery data intelligence platform in India, has selected Electra AI's EVE-Ai Battery Fleet Analytics to enhance its battery-level intelligence offerings. This collaboration will provide advanced analytics like State of Health and Remaining Useful Life to TapFin's clients, including lenders, OEMs, and operators, in the dynamic Indian EV market.

Electra Vehicles, which is party to a business combination agreement with Iron Horse Acquisition II Corp., released a newsletter detailing recent business developments. The company announced that Propel Industries selected its ELECTRA AI Brain for Batteries™ platform for its expanding electric fleet, including EV dumper trucks and tractor-trailers. Electra AI also contributed to a Volta Foundation paper on the role of batteries in AI data centers, highlighting the shift from compute to power as a limiting factor.

Iron Horse Acquisition II Corp. and Electra Vehicles, Inc. announced that Electra AI contributed to a new insights paper from the Volta Foundation's Applied AI & Data Center Infrastructure (AIDC) Committee. The paper, titled "Where Batteries Can Win in Data Center Applications," highlights the increasing importance of intelligent battery management for AI infrastructure. Electra AI's contribution underscores its expertise in optimizing battery performance, aligning with its ongoing business combination with Iron Horse Acquisition II Corp. to list on Nasdaq as AIBR in the second half of 2026.

Iron Horse Acquisition II Corp. announced a definitive merger agreement with Electra Vehicles, Inc., an AI-powered battery intelligence company, valuing Electra at $250 million plus the Aggregate Exercise Price. The transaction will result in the combined entity being renamed "Electra AI, Inc." and includes provisions for up to 15 million earnout shares based on performance milestones. For the six months ended May 31, 2026, the company reported a net income of $2,659,996, with cash and investments in the Trust Account reaching $233,536,448.

Iron Horse Acquisition II Corp. (IRHO) has filed an 8-K announcing an updated investor presentation in connection with its previously announced business combination with Electra Vehicles, Inc. Electra Vehicles specializes in AI-powered battery intelligence solutions for electric vehicles, battery energy storage systems (BESS), and fleet operators. The updated presentation details the market opportunity for AI Battery Intelligence and reflects the company's progress towards closing the transaction, which is valued at $250 million+ and is expected to close in the second half of 2026. Upon closing, the combined company will operate as ELECTRA AI and remain listed on Nasdaq under the ticker symbol 'AIBR'.

Iron Horse Acquisition II Corp. (IRHO) and Electra Vehicles, Inc. announced the filing of a Registration Statement on Form S-4 with the SEC for their proposed business combination. This filing represents a critical milestone, with the combined company set to operate as ELECTRA AI and trade on Nasdaq under "AIBR". Additionally, an amendment to the Merger Agreement was executed, adjusting key terms such as the Aggregate Merger Consideration, Conversion Ratio, treatment of convertible notes, and earnout share provisions. The transaction, which values Electra at approximately $250 million+, is anticipated to close in the second half of 2026.

Iron Horse Acquisition II Corp. announced the release of an updated investor presentation in connection with its previously announced business combination with Electra Vehicles, Inc. (Electra AI). Electra AI, an AI-driven cleantech company focused on battery intelligence, is set to merge with Iron Horse in a transaction valued at over $250 million, with the combined entity expected to trade as "AIBR" on Nasdaq. The updated presentation provides details on Electra AI's technology, market opportunity, and financial strengths, with the Form S-4 registration statement anticipated to be filed by week's end.

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.

Iron Horse Acquisition II Corp. announced the appointment of Thayer Wade as an independent director to its board, effective April 8, 2026. Mr. Wade brings extensive financial experience, particularly in mergers and acquisitions, having co-founded Epiphany Family LLC and previously worked at Vestria Capital and Morgan Stanley. His appointment is expected to strengthen the company's governance and strategic oversight, as he will serve on key committees including Audit, Compensation, and Nominating and Corporate Governance.