Elroy Air to Become Publicly Traded Company via Business Combination with Inflection Point-led SPAC

Elroy Air has entered into a definitive business combination agreement to become a publicly traded company. The transaction is expected to close in the fourth quarter of 2026, values Elroy Air at $800 million pre-money, and has over $165 million in committed PIPE capital to fully fund commercial scale production of the Chaparral. Read the press release ➤