secwatch.observer — SEC 8-K summary
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Issuer:     Iron Horse Acquisition II Corp. (IRHO)
CIK:        0002051985
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001213900-26-046611
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2051985/000121390026046611/0001213900-26-046611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2051985/000121390026046611/ea0287185-8k425_ironhorse2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-046611

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer