8-K
filed July 2, 2026, 4:20 PM ET
ticker CMII
CIK 0002088805
M&A
confidence high
sentiment positive
materiality 0.75
Columbus Circle Capital Corp II (CMIIU) enters into business combination agreement with Elroy Air
Columbus Circle Capital Corp II
- Merger consideration valued at $800M, paid in shares of New Elroy Air Common Stock to Elroy Air equity holders.
- Pre-Funded Note Investment of $78.4M face value ($66.6M purchase price) with 12% interest, one-year maturity.
- Earnout of up to 11M additional shares based on stock price thresholds ($15, $20) and $50M organic revenue milestone.
- Closing expected in Q4 2026, subject to SPAC shareholder approval and other customary conditions.
- New board of directors to consist of 7 members; one designated by Inflection Point CEO, rest by Elroy Air.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Shannon was appointed as Chief Executive Officer at Columbus Circle Capital Corp II.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Kevin Shannon was appointed as Chief Executive Officer of Inflection Point.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Quin resigned as Chairman of the Board at Columbus Circle Capital Corp II.
- Action
- resigned
- Role
- Chairman of the Board
Exact text from the filing
Effective June 26, 2026, Gary Quin resigned as Chairman and Chief Executive Officer of Inflection Point
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Quin was appointed as President at Columbus Circle Capital Corp II.
- Action
- appointed
- Role
- President
Exact text from the filing
Effective June 26, 2026, Gary Quin was appointed as President of Inflection Point.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Blitzer was appointed as Chairman of the Board at Columbus Circle Capital Corp II.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
Michael Blitzer was appointed as director and Chairman of the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Quin resigned as Chief Executive Officer at Columbus Circle Capital Corp II.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Effective June 26, 2026, Gary Quin resigned as Chairman and Chief Executive Officer of Inflection Point
View on SEC.gov
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