{"id":1017175,"date":"2026-06-27T07:37:16","date_gmt":"2026-06-27T02:07:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017175"},"modified":"2026-06-27T07:41:25","modified_gmt":"2026-06-27T02:11:25","slug":"drone-startup-elroy-air-to-list-on-nasdaq-via-1-billion-spac-deal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/27\/drone-startup-elroy-air-to-list-on-nasdaq-via-1-billion-spac-deal\/","title":{"rendered":"Drone startup Elroy Air to list on Nasdaq via $1 billion SPAC deal"},"content":{"rendered":"<p>Cargo drone startup Elroy Air has agreed to list in the U.S. through \u200ca merger \u2060with \u2060blank-check firm Columbus Circle Capital Corp II in a deal valued at roughly $1 billion, the companies said on Friday. <\/p>\n<p>The deal is expected to generate proceeds of at least $165 million from committed investors, with up \u2060to $230 million \u200cfrom the SPAC&#8217;s trust account, depending on redemptions. <\/p>\n<p>A SPAC is a \u2060shell company that raises money through an IPO to merge with a private business, allowing it to go public without a traditional IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cargo drone startup Elroy Air has agreed to list in the U.S. through \u200ca merger \u2060with \u2060blank-check firm Columbus Circle Capital Corp II in a deal valued at roughly $1 billion, the companies said on Friday. The deal is expected to generate proceeds of at least $165 million from committed investors, with up \u2060to $230 million \u200cfrom the SPAC&#8217;s trust account, depending on redemptions. A SPAC is a \u2060shell company that raises money through an IPO to merge with a private business, allowing it to go public without a traditional IPO.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1017175","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017175"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017175\/revisions"}],"predecessor-version":[{"id":1017189,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017175\/revisions\/1017189"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}