IPXG SPAC to merge with Elroy Air; analyst day held Sept 21 for Chaparral drone maker

Columbus Circle Capital Corp II

Inflection Point VII (IPXG) entered Business Combination Agreement with Elroy Air on June 26, 2026; Elroy Air survives as subsidiary.
Virtual analyst day held September 21, 2026 with investor presentation for the proposed deal.
Combined company to be renamed Elroy Air, Inc.; draft S-4 registration statement confidentially submitted to SEC.
Elroy Air makes Chaparral autonomous cargo drone; risks cited include non-binding LOIs, FAA/DoD certification, third-party manufacturing.
No deal value, premium, or expected close date disclosed in this filing; shareholder vote on merger pending.

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