Iron Horse Acquisition II posts Electra investor presentation tied to pending SPAC deal
Iron Horse Acquisition II Corp. (IRHO) filed an updated investor presentation dated October 8, 2026, for its proposed business combination with Electra Vehicles, Inc. The presentation includes a sources and uses table, a pro forma ownership table, and an assumed 81.6% redemption case, with Electra holders owning 65.8% of the combined company. The filing contains no reported financial results, and the deal remains subject to shareholder approval and an S-4 registration statement.
Key points
- Illustrative valuation: $250.3 million pre-money equity value at $10.00 per share, with a pro forma enterprise value of $352.9 million.
- Assumes 18,771,873 public shares redeemed (81.6%) and Electra holders owning 65.8% of the combined company.
- The $50.0 million PIPE is not committed and is not reflected in the figures.
- Presentation dated October 8, 2026; filed October 9, 2026; the deal requires IRHO shareholder approval.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.