---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-046611"
form_type: "8-K"
ticker: "IRHO"
cik: "0002051985"
company_name: "Iron Horse Acquisition II Corp."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:57:07.171729+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Domestication from Cayman Islands to Delaware; IRHO renames to Electra AI, Inc. and issues dual-class common stock.
- Base purchase price $250M plus aggregate option exercise price; paid in Parent Common Shares at $10.00 reference price.
- Up to 15M earnout shares contingent on stock price ($14/$16/$18) or ARR targets ($45M/$55M/$65M) over 5 years.
- Post-closing board: Electra designates 5 of 7 directors; Fabrizio Martini CEO, Nicholas Chakalos President & COO.
- Closing conditions include minimum $30M cash, Nasdaq listing, and shareholder approvals; outside close date Jan 21, 2027.

## SEC filing metadata
- accession: 0001213900-26-046611
- form_type: 8-K
- ticker: IRHO
- cik: 0002051985
- company_name: Iron Horse Acquisition II Corp.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2051985/000121390026046611/0001213900-26-046611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2051985/000121390026046611/ea0287185-8k425_ironhorse2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-046611
- JSON: https://secwatch.observer/filing/0001213900-26-046611.json
- Plain text: https://secwatch.observer/filing/0001213900-26-046611.txt

## Source-grounded claims
- claim_id: 5307082d9a7ac50feb15c7e8acf8287ee18dd8cc
  claim: Iron Horse Acquisition II Corp. entered into Merger Agreement with Electra Vehicles, Inc. valued at $250,000,000 (effective 2026-04-21).
  evidence_excerpt: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2051985/000121390026046611/0001213900-26-046611-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.