Ursa Major Technologies, a hypersonics and solid rocket motor manufacturer, entered a definitive business combination agreement with Bleichroeder Acquisition Corp. III (Nasdaq: BCCQU), a SPAC led by Inflection Point Asset Management, to form a publicly traded critical munitions company expected to list on Nasdaq in Q1 2027.
The deal implies a $1.6 billion pre-money and $2.3 billion post-transaction equity valuation and is backed by at least $350 million in PIPE commitments, including about $110 million funded at signing. Ursa Major may retain up to $345 million more depending on SPAC redemptions, with proceeds aimed at scaling production of solid rocket motors, the HAVOC Missile System, liquid hypersonic engines, and space mobility systems.
Bleichroeder Acquisition Corp. III (Nasdaq: BCCQU) announced that, starting August 3, 2026, holders of its IPO units may elect to separately trade the underlying securities. Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant, with each whole warrant exercisable for one Class A share at $11.50.
Following separation, Class A ordinary shares will trade on Nasdaq under BCCQ and whole warrants under BCCQW, while units that remain bundled will continue to trade under BCCQU. No fractional warrants will be issued; only whole warrants will trade. The company is a blank check vehicle focused on business combinations primarily with North American and European businesses in disruptive growth sectors undergoing technology-driven transformation.
Bleichroeder Acquisition Corp. III (Nasdaq:BCCQU) closed its initial public offering of 34,500,000 units, including the full 4,500,000-unit over-allotment, at $10.00 per unit, raising $345,000,000 in gross proceeds. Units began trading July 7, 2026 on Nasdaq.
$345,000,000, or $10.00 per unit, was deposited in a trust account. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The company is a blank check vehicle targeting North American and European disruptive growth sectors.
Bleichroeder Acquisition Corp. III (Nasdaq: BCCQU) priced a $300,000,000 initial public offering of 30,000,000 units. Trading on the Nasdaq Stock Global Market is expected to begin July 7, 2026.
Each unit includes one Class A share and one-fourth warrant, exercisable at $11.50. An additional 4,500,000-unit over-allotment option was granted. Closing is expected July 8, 2026.