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Elroy Air, Columbus Circle Capital submit draft S-4 for planned business combination

PUBT·08/10/2026 22:37:45
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Elroy Air, Columbus Circle Capital submit draft S-4 for planned business combination
  • Elroy Air agreed to combine with Columbus Circle Capital Corp II, moving toward a Nasdaq listing under ticker ELRY.
  • A draft Form S-4 registration statement was submitted confidentially to the SEC, marking the latest step toward closing.
  • Closing is targeted for Q4 2026, subject to regulatory and shareholder approvals.
  • The deal values Elroy Air at USD 800 million pre-money, implying about USD 1 billion enterprise value at closing.
  • More than USD 165 million of committed PIPE financing is expected to fund Chaparral production with Kratos; USD 65 million was funded at signing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elroy Air Inc. published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.