The maker of autonomous Chaparral in advanced talks for public listing via blank-cheque merger valued at $1bn
Elroy Air, a California startup that wishes to [...]… is reportedly in advanced discussions for a public offering through a blank-check merger, according to reports. The SPAC (Special Purpose Acquisition Company), which has faced predictions of demise multiple times over the past few years, continues to evolve and find new applications. Its latest venture involves cargo drones.*
This story continues at The Next Web.