Columbus Circle Capital Corp II 8-K

What Happened
On June 26, 2026, Columbus Circle Capital Corp. II (a Cayman Islands exempted company that will be renamed Inflection Point Acquisition Corp. VII and will domesticate as a Delaware corporation prior to closing) entered into a Business Combination Agreement with Elroy Air, Inc. Under the agreement, IPGX Merger Sub, Inc. (a wholly owned subsidiary of IPAC) will merge with and into Elroy Air, with Elroy Air surviving the merger. After the closing, IPAC will change its name to “Elroy Air, Inc.” (referred to as “New Elroy Air”). The boards of directors of both companies have approved the Business Combination. The parties expect the transaction to close in the fourth quarter of 2026, subject to IPAC shareholder approval and customary closing conditions.

Key Details

• Signing date: June 26, 2026.
• Parties: Columbus Circle Capital Corp. II (to be renamed Inflection Point Acquisition Corp. VII / IPAC), IPGX Merger Sub, Inc. (Merger Sub), and Elroy Air, Inc.
• Structure: Merger Sub will merge into Elroy Air, with Elroy Air surviving; post-closing corporate name change to Elroy Air, Inc. (New Elroy Air).
• Timing & approvals: Closing expected Q4 2026 and requires IPAC shareholder approval and other customary closing conditions; IPAC will re-domicile from the Cayman Islands to Delaware before closing.

Why It Matters
This 8-K reports a definitive business combination that would take Elroy Air public through a SPAC-style merger with Columbus Circle Capital II. Investors in IPAC should note the upcoming shareholder vote, the planned jurisdictional change to Delaware, the expected Q4 2026 timing, and that closing is subject to conditions — meaning the transaction is not final until those approvals and conditions are satisfied.