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Bluerock Acquisition Corp (Nasdaq: BLRKU / BLRK) closed its initial public offering on December 12, 2025, raising $172.5 million from 17,250,000 units at $10.00 per unit, including the full 2,250,000-unit over-allotment exercise.
Each unit contains one Class A ordinary share and one-third of a warrant; each whole warrant is exercisable at $11.50. Concurrently, the company completed a private placement of 4,500,000 warrants for $4.5 million, with the sponsor buying 3,000,000 warrants and Cantor Fitzgerald buying 1,500,000 warrants. Proceeds of $172.5 million were placed in trust.