• Electra Vehicles agreed to merge with Iron Horse Acquisition II in a deal valued at more than USD 250 million, including earn-out targets.
• Combined company is expected to operate as Electra AI, with plans to remain listed on Nasdaq under a new ticker.
• Closing is targeted for the second half of 2026.
• Electra positions its software platform as improving battery range and life through real-time monitoring, optimization, and control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iron Horse Acquisition II Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604210925BIZWIRE_USPR_____20260420_BW578230) on April 21, 2026, and is solely responsible for the information contained therein.