---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-072370"
form_type: "8-K"
ticker: "CMII"
cik: "0002088805"
company_name: "Columbus Circle Capital Corp II"
filed_at: "2026-06-26T13:11:13+00:00"
generated_at: "2026-06-26T13:13:13.363624+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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'.

## SEC filing metadata
- accession: 0001213900-26-072370
- form_type: 8-K
- ticker: CMII
- cik: 0002088805
- company_name: Columbus Circle Capital Corp II
- filed_at: 2026-06-26T13:11:13+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2088805/000121390026072370/0001213900-26-072370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2088805/000121390026072370/ea0296053-8k425_columbus2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-072370
- JSON: https://secwatch.observer/filing/0001213900-26-072370.json
- Plain text: https://secwatch.observer/filing/0001213900-26-072370.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.