Bleichroeder Acquisition Corp. III filed a Rule 425 communication on the proposed combination with Ursa Major Technologies, Inc.
The filing states a pre-money equity valuation of about $1.6 billion for Ursa Major and a post-transaction equity valuation of about $2.3 billion.
An at least $350 million PIPE is included, led by Inflection Point.
Cantor is lead financial advisor to Bleichroeder; Moelis is exclusive capital markets advisor to Ursa Major.
The document references an intended S-4 registration statement and notes the transaction remains subject to shareholder approvals and other closing conditions.
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.