Mergers & Acquisitions ·
Cohen & Company's SPAC agrees to merge with Elroy Air in definitive business combination deal
COHNCohen & Co Inc.
Columbus Circle Capital Corp. II, a SPAC sponsored by Cohen & Company, announced a definitive business combination agreement on June 26, 2026, to merge with Elroy Air, Inc., a developer of autonomous heavy-cargo drones. Cohen & Company Capital Markets is acting as joint financial advisor and co-placement agent. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and customary closing conditions. Cohen & Company operates as a financial services firm providing investment banking, wealth management, and accounting services.