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Elroy Air's cargo drone venture approaches $800 million SPAC agreement

Elroy Air's cargo drone venture approaches $800 million SPAC agreement

Home/News/Elroy Air's cargo drone venture approaches $800 million SPAC agreement

The maker of the autonomous Chaparral is in advanced talks to go public through a blank-cheque merger valuing the combined company at about $1bn. The SPAC, declared dead more than once over the past few years, keeps finding new uses, and the latest is a cargo drone. Elroy Air, a California startup t

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