Inflection Point Acquisition Corp. VII (f/k/a Columbus Circle Capital Corp II)

Inflection Point Acquisition Corp. VII (f/k/a Columbus Circle Capital Corp II) (IPXG) is a blank-check company (SPAC) that raised $200M in its initial public offering on Feb 11, 2026, listing on Nasdaq Global Market. It agreed to combine with Elroy Air, Inc., announced on Jul 2, 2026, at a stated value of $800M. The deal has not closed yet. Cohen & Company Capital Markets led the IPO, with Financial Officer of Muni Funding Company and Pegasus Communications. Ellenoff Grossman & Schole advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Elroy Air, Inc. is a Delaware corporation that develops autonomous heavy-cargo drones for defense and logistics uses. It is the operating target in a proposed business combination with a special purpose acquisition company.

Status

Deal announced

Ticker

IPXG

IPO date

Feb 11, 2026

IPO size

$200M

IPO exchange

Nasdaq Global Market

Target

Elroy Air, Inc.

Target sector

Aerospace/Defense

Announced

Jul 2, 2026

Stated deal value

$800M

Combined company

Elroy Air, Inc.

IPO underwriters

Cohen & Company Capital Markets, Financial Officer of Muni Funding Company, Pegasus Communications and Santander

SPAC counsel (IPO)

Ellenoff Grossman & Schole and Ogier

Underwriters' counsel (IPO)

Loeb & Loeb