Columbus Circle Capital II to merge with cargo drone maker Elroy Air

• Elroy Air entered into a business combination agreement it expects to sign with Columbus Circle Capital Corp II.
• Elroy also signed a securities purchase agreement dated June 25, 2026 to sell convertible promissory notes and warrants to institutional investors.
• The financing allows additional note-and-warrant sales through Aug. 1, 2026, capped at an aggregate USD 13.38 million.
• Barclays is acting as placement agent for a parallel securities purchase agreement with other investors on substantially the same terms.
• Elroy expects the combined company’s charter to include limits on aggregate foreign ownership and voting to preserve U.S. aircraft registry eligibility.

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. Columbus Circle Capital Corp II 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: 0001213900-26-074998), on July 02, 2026, and is solely responsible for the information contained therein.