• Inflection Point Acquisition Corp. VII amended its merger agreement with Elroy Air on November 11, 2026, expanding seller lock-up requirements.
• Lock-ups cover equity holders receiving at least 0.15% of aggregate consideration, including amounts receivable upon option exercise or restricted stock unit settlement.
• Elroy Air employees continuing with either company after closing face lock-ups regardless of their share of consideration.
• The amendment eliminates transmittal letters and share certificate surrender as conditions for receiving merger consideration, providing for book-entry delivery at closing.
• Under the merger agreement, Elroy Air will survive the merger with an Inflection Point subsidiary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Inflection Point Acquisition Corp. VII published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-118444), on November 12, 2026, and is solely responsible for the information contained therein.