IRHO and Electra filed Amendment No. 1 to their merger registration statement, and Electra raised about $5 million. The paperwork advances, but approval and closing are unreported, so this does not change IRHO's outlook.
This is a procedural step for IRHO's proposed combination, not a completed deal. Electra's bridge financing gives the target added cash, but the report does not say shareholders approved the deal or that it closed.
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