# Columbus Circle Capital Corp II (CMIIW) — merger/spac_merger [pending]
Source: SEC API (secapi.ai) · situation sit_307c91c7abcc18e52d4b · retrieved 2026-08-11T15:49:41.378Z

## Overview
Elroy Air develops autonomous heavy-cargo VTOL aircraft for defense, rapid response, and commercial logistics, with capabilities including precision airdrop and ground delivery of payloads.

Elroy Air, Inc., a developer of autonomous heavy-cargo drones for defense and logistics, has entered into a definitive business combination agreement with Columbus Circle Capital Corp II (Nasdaq: CMII), a special purpose acquisition company. Upon completion, Columbus Circle Capital Corp II will be renamed Inflection Point Acquisition Corp VII (Nasdaq: IPXG). The transaction will result in Elroy Air becoming a publicly traded company. The business combination is subject to shareholder approval and customary closing conditions.

## Terms
- Counterparty: Columbus Circle Capital Corp II (to be renamed Inflection Point Acquisition Corp VII)

## Key dates
- Announced 2026-07-21

## Timeline
- 2026-07-21 · 425 (0001213900-26-080074): 425 - Columbus Circle Capital Corp II — *Elroy Air, Inc. develops hybrid-electric, vertical takeoff and landing (VTOL) autonomous cargo aircraft designed to transport payloads of more than 500 pounds with a maximum range of up to 450 miles, serving commercial logistics and defense markets.* Columbus Circle Capital Corp II (to be renamed Inflection Point Acquisition Corp. VII, or "IPAC") announced a proposed business combination with Elroy Air, Inc., a developer of hybrid-electric, vertical takeoff and landing (VTOL) autonomous cargo aircraft. Elroy Air's Chaparral aircraft is designed to transport more than 500 pounds of payload with a maximum range of up to 450 miles. The company recently announced a demand pipeline exceeding 1,400 aircraft representing more than $5 billion in potential revenue opportunities from customers including Bristow Group, Barq Group, SLI, and FedEx. Elroy Air has also supported defense programs with the U.S. Army, U.S. Marine Corps, and U.S. Air Force for more than six years.
  https://www.sec.gov/Archives/edgar/data/2088805/0001213900-26-080074.txt
- 2026-07-30 · 425 (0001213900-26-082987): 425 - Columbus Circle Capital Corp II — *Elroy Air develops autonomous heavy-cargo VTOL aircraft for defense, rapid response, and commercial logistics, with capabilities including precision airdrop and ground delivery of payloads.* Elroy Air, Inc., a developer of autonomous heavy-cargo drones for defense and logistics, has entered into a definitive business combination agreement with Columbus Circle Capital Corp II (Nasdaq: CMII), a special purpose acquisition company. Upon completion, Columbus Circle Capital Corp II will be renamed Inflection Point Acquisition Corp VII (Nasdaq: IPXG). The transaction will result in Elroy Air becoming a publicly traded company. The business combination is subject to shareholder approval and customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/2088805/0001213900-26-082987.txt

## Citations
- 0001213900-26-080074 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080074
- 0001213900-26-082987 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026082987