Inflection Point Acquisition Corp. VII

Inflection Point Acquisition Corp. VII (formerly Columbus Circle Capital Corp II) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in New York. The company went public in February 2026, raising $200 million to pursue a business combination with a private entity. In June 2026, the SPAC entered into a definitive business combination agreement with Elroy Air, a San Francisco-based technology company developing autonomous, hybrid-electric vertical take-off and landing (VTOL) cargo aircraft. Elroy Air's flagship Chaparral aircraft is designed to carry over 500 pounds of cargo over a 450-mile range, targeting commercial logistics, rapid response, and defense markets. The proposed merger, which values Elroy Air at a pre-money equity value of $800 million, is expected to close in the fourth quarter of 2026. Upon completion of the transaction, the combined company will be renamed Elroy Air and is expected to trade on the Nasdaq under the ticker symbol ELRY. Until the transaction closes, Inflection Point Acquisition Corp. VII operates as a shell company with no commercial operations or revenue, holding its IPO proceeds in a trust account.