Elroy Air to go public via SPAC merger with Columbus Circle Capital Corp II at $800M pre-money

Columbus Circle Capital Corp II

Pre-money equity value $800M; post-transaction enterprise value ~$1.0B; PIPE committed >$165M.
Demand pipeline >1,400 aircraft with >$5B potential revenue opportunity from FedEx, Bristow, Barq Group.
Chaparral autonomous heavy-cargo drone with 500+ lbs payload, 450-mile range, hybrid-electric powertrain.
Manufacturing partnership with Kratos Defense; first production aircraft planned late 2026.
Transaction expected to close Q4 2026; combined company to trade on Nasdaq as 'ELRY'.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.