IPO filing research

Elroy Air, Inc.

Aircraft

ipo filed S-4

Elroy Air, Inc. IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: S-4 on 2026-10-08.

Filing Timeline

SEC EDGAR

S-4 filed

S-4

Pre-IPO filing captured from the SEC submission timeline.

Follows DRS in the pre-IPO sequence.

3,000,000 shares

Class A · Over-allotment 3,000,000 · Use of proceeds To cover advisory fees and transaction costs associated with the business combination · Flags dual_class, foreign_private_issuer · Underwriters CCM, Clear Street

2026-10-08 · 0001213900-26-107728

DRS filed

Draft registration statement

Draft registration filed confidentially before the public launch.

First tracked pre-IPO filing for this issuer.

Elroy Air, Inc. disclosed its accounting policies, including tax provisions, revenue recognition, and segment reporting. The company adopted recent accounting standards like ASU 2023-07 (segment reporting) and ASU 2023-09 (income tax disclosures), with future standards pending. Revenue in 2025 totaled $2.4M, primarily from U.S. government contracts, while 2024 revenue was $4.1M, including a commercial contract. The filing highlights compliance with GAAP and ongoing evaluation of upcoming accounting changes.

2026-08-10 · 0001213900-26-086934

Comparable Deals

5 comparable deals

IndustrialsLast 18 months

Only 0 strict matches; expanded to 5 using nearest neighbors.

-4.3%

Median day-1

40%

Above issue

+0.2%

Median week-1

-11.6%

Downside (p10)

Honeywell Aerospace Inc. HONA

2026-06-29 - Day 1: -4.3% Wk 1: +3.5%

same SIC grouprecent IPO

Applied Aerospace & Defense, Inc. AADX

2026-06-03 $650M Day 1: -4.9% Wk 1: -4.4%

same SIC grouprecent IPO

BETA Technologies, Inc. BETA

2025-11-04 $1.0B Day 1: +5.9% Wk 1: +0.2%

same SICrecent IPO

Arxis, Inc. ARXS

2026-04-16 $1.1B Day 1: +38.4% Wk 1: +29.5%

same SIC grouprecent IPO

York Space Systems Inc. YSS

2026-01-29 $593M Day 1: -11.6% Wk 1: -34.5%

same SIC grouprecent IPO

Recent News

No recent news stored for this issuer.