Business
ELECTRA AI and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) Announce Filing of Registration Statement on Form S-4 with the SEC in Connection with their Proposed Business Combination
~ Filing Represents a Critical Milestone in the Business Combination~ ~ Combined Company to Operate as ELECTRA AI and Expected to Trade on Nasdaq under Ticker Symbol “AIBR” ~ BOSTON and BOCA RATON, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- ELECTRA AI. (“ELECTRA”), the AI 'Brain for Batteries'™ solutions company, and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) (“Iron Horse”) today announced the filing of a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”)
About this update from Iron Horse Acquisitions Ii Corp.
[{"type":"text","content":"~ Filing Represents a Critical Milestone in the Business Combination~","length":69,"tagName":"p"},{"type":"text","content":"~ Combined Company to Operate as ELECTRA AI and Expected to Trade on Nasdaq under Ticker Symbol “AIBR” ~","length":104,"tagName":"p"},{"type":"text","content":"BOSTON and BOCA RATON, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- ELECTRA AI. (“ELECTRA”), the AI 'Brain for Batteries'™ solutions company, and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) (“Iron Horse”) today announced the filing of a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”) in connection with their previously announced definitive Business Combination Agreement (the “BCA”).","length":433,"tagName":"p"},{"type":"text","content":"While the registration statement has not yet been declared effective and is subject to revision, it contains essential information regarding the proposed business transaction.","length":175,"tagName":"p"},{"type":"text","content":"Transaction OverviewAs previously announced on April 21, 2026, ELECTRA and Iron Horse entered into a definitive Business Combination Agreement. The proposed transaction values ELECTRA at an implied equity value of approximately $250 million+, including earn-out targets. The respective boards of directors of both ELECTRA and Iron Horse have unanimously approved the transaction, which is expected to close in the second half of 2026, subject to approval by Iron Horse’s stockholders, registration with the SEC, and other customary closing conditions.","length":552,"tagName":"p"},{"type":"text","content":"Cantor Fitzgerald acted as underwriter to Iron Horse in connection with its initial public offering, and Loeb & Loeb LLP is serving as Iron Horse’s legal counsel. Park Avenue Capital Group Corp. and Roth Capital Partners serve as financial advisors to ELECTRA, with Latham & Watkins LLP as ELECTRA’s legal counsel.","length":322,"tagName":"p"},{"type":"text","content":"About ELECTRA AI","length":16,"tagName":"p"},{"type":"text","content":"ELECTRA AI is the leading AI-driven cleantech and B2B software company, accelerating the world’s transition to electrification by unlocking the full potential of battery technology. ELECTRA AI builds the AI Brain for Batteries™ platform — a unified intelligence layer that enables battery systems to be monitor...