Inflection Point Acquisition VII amends Elroy Air deal terms

• Inflection Point Acquisition Corp. VII and Elroy Air amended their June 26, 2026, merger agreement on October 27, 2026.
• The amendment caps shares issuable under New Elroy Air’s incentive plan immediately following closing at 12% of fully diluted capitalization.
• Elroy Air options and restricted stock units will convert into corresponding New Elroy Air awards using the common stock exchange ratio.
• Closing requires lock-up agreements from Elroy Air equityholders receiving at least 1% of aggregate consideration, including through option exercises or restricted-stock-unit settlements.
• Missed financial-statement delivery deadlines will not constitute a breach of the merger agreement or failure of the related closing condition.

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. Inflection Point Acquisition Corp. VII published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-113102), on October 28, 2026, and is solely responsible for the information contained therein.