Bleichroeder Acquisition Corp. III filed a Rule 425 communication on the proposed acquisition of Ursa Major Technologies.
The filing states Ursa Major shareholders will receive $1.6 billion in consideration, implying a $2.3 billion post-deal valuation at $10 per share.
Equity commitments total at least $350 million, with $110 million to be funded at signing. Up to $345 million in additional proceeds may come depending on redemptions.
Closing is targeted for the first quarter of 2027. The SPAC will be renamed Inflection Point Mach X Bleichroeder Corp. after domestication to Delaware.
Ursa Major currently employs about 360 people and plans expansion of its Galeton, Colorado test site using proceeds from the transaction.
Pulse Impact
- Previous Pulse: 71
- New Pulse: 71
- Change: Unchanged
- Driver: Form 425 does not move Pulse; it is not treated as a registration beat.
Bleichroeder Acquisition Corp. III Form 425 (2026-08-31)
Not investment advice. Facts taken from the company’s Form 425.