IRHO SPAC to acquire Electra Vehicles at $250M base price; post-merger renamed Electra AI, Inc.

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On May 6, 2026, Suncrete, Inc., a Delaware corporation (the “Company”), through its subsidiary Hope Concrete, LLC, a Texas limited liability company (“Purchaser”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) and related agreements with the owners of Nelson Bros. Ready Mix, LLC, a Texas limited liability company (the “Target”), to acquire 100% of the ownership interests of Target

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On May 30, 2026, Hallador Energy Company (the “Company”) entered into an Asset Purchase Agreement (the “APA”) with Energy World Corporation Ltd., incorporated in Australia (“Seller”), to acquire approximately 460 MW of Siemens gas turbines, generators, a steam turbine, and ancillary equipment (the “Equipment”) for an aggregate purchase price of $350 million.

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On June 1, 2026, Titan Acquisition Corp, a Cayman Islands exempted company (“Titan”), entered into a Business Combination Agreement (the “Business Combination Agreement”), by and among OpenPayd Global Holdings Limited, a Cayman Islands exempted company (“PubCo”), Titan Acquisition Sponsor Holdco LLC, a Delaware limited liability company (the “Sponsor”), solely in its capacity as the Purchaser Representative, OpenPayd Holdings Limited, a company limited by shares incorporated in England and Wales (“Company”), Ozan Özerk, solely in his capacity as the Company Shareholders Representative, and the shareholders of the Company party thereto (collectively, the “Parties”).

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On June 1, 2026 (the “Closing Date”), Repay Holdings Corporation (the “Company” or “REPAY”), its wholly owned subsidiary, Hawk Parent Holdings LLC, a Delaware limited liability company (the “Borrower”) and certain subsidiaries of the Company party thereto, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with certain financial institutions party thereto, as lenders, and Truist Bank, as administrative agent.

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On May 7, 2026, Unusual Machines, Inc. (the “Company”), a manufacturer of NDAA-compliant drone components, entered into a $52 million agreement and plan of merger (the “Merger Agreement”), with Upgrade Energy LLC, a newly formed subsidiary of the Company (the “Surviving Company”), DroneNX LLC d/b/a Upgrade Energy (“Upgrade”), and Matthew Barnard as the Member Representative of Upgrade, pursuant to which, the Surviving Company, will acquire all of the property, rights, privileges, licenses, powers and authority of Upgrade in exchange for 1,792,012 shares of Company common stock at $13.9508 per share and $1 million cash at closing with a potential post-closing earn-out payment of up to $26 million in cash, subject to the Surviving Company achieving an annual revenue target of $10 million during a two-year calculation period following the date of the Merger Agreement (with proportional adjustment for the second year).

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

(“Contango” or the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) and executed a promissory note (the “Promissory Note”) with Alaska Hardrock Inc. (“AHI”) to acquire 100% ownership of the Company’s Lucky Shot project, located in the Willow Mining District about 75 miles north of Anchorage, Alaska (“Lucky Shot”).

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

On May 29, 2026, Hims & Hers Health, Inc. (the “ Company ”), as borrower, entered into Amendment No. 3 (the “ Amendment ”) to the Revolving Credit and Guaranty Agreement, dated as of February 18, 2025 (as amended by that certain Amendment No. 1 to the Revolving Credit and Guaranty Agreement, dated as of June 25, 2025, that certain Amendment No. 2 to the Revolving Credit and Guaranty Agreement, dated as of May 7, 2026, and as amended by this Amendment, the “ Credit Agreement ”), by among the Company, the subsidiary borrowers and the guarantors from time to time party thereto, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

This filing

On April 21, 2026, Iron Horse Acquisition II Corp., a Cayman Islands exempted company (“ IRHO ” or “ Parent ”), entered into a merger agreement, by and among IRHO, IRHO Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of IRHO (“ Merger Sub ”), and Electra Vehicles, Inc., a Delaware corporation (“ Electra ” or the “ Company ”) (as it may be amended and/or restated from time to time, the “ Merger Agreement ”).

Comparable filing

In connection with the consummation of the Mergers, CECO paid or caused to be paid, on behalf of Thermon, all amounts necessary to satisfy and discharge in full the then-outstanding obligations of Thermon under that certain Amended and Restated Credit Agreement, dated September 29, 2021, by and among Thermon Holding Corp., Thermon Canada Inc., the other financial institutions or entities party thereto from time to time and JPMorgan Chase Bank, N.A., as Administrative Agent, which was further amended on November 19, 2021, March 7, 2023, and December 29, 2023 (as amended, restated, supplemented or otherwise modified from time to time, together with all related credit documentation, the “Credit Agreement”). In connection therewith, the Credit Agreement and all commitments thereunder were terminated.