Bluerock Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Exercise of Underwriters' Over-Allotment Option in Full

Rhea-AI Summary

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.

Positive

• $172.5M raised in IPO proceeds placed in trust
• Full 2.25M-unit over-allotment exercised
• Private placement added $4.5M in gross proceeds
• Sponsor purchased 3.0M private placement warrants

Negative

• Units convert to separate shares/warrants, adding future trading split risk
• Warrant exercise price of $11.50 may delay equity conversion

NEW YORK, Dec. 12, 2025 /PRNewswire/ -- Bluerock Acquisition Corp. (Nasdaq: BLRKU) (the "Company") today announced the closing of its initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The units are listed on The Nasdaq Global Market ("Nasdaq") and commenced trading under the ticker symbol "BLRKU" on December 11, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "BLRK" and "BLRKW," respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 4,500,000 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $4,500,000. Bluerock Acquisition Holdings, LLC, the Company's sponsor, purchased 3,000,000 of the private placement warrants and Cantor Fitzgerald & Co. purchased 1,500,000 of the private placement warrants. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Bluerock Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry.

"With the successful pricing of Bluerock Acquisition Corp., we believe we offer a compelling value proposition to prospective companies considering a path to the public markets," said Harrison Seideman, Senior Vice President of Bluerock Acquisition Corp. "We intend to focus our sourcing efforts on companies at an inflection point in their growth trajectory seeking a strategic capital partner."

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC, and Clear Street LLC acted as co-managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on December 10, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street New York, New York 10022, or by email at prospectus@cantor.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

Investor Contact:
Harrison Seideman
spac@bluerock.com

Media Contact:
Carly Hampton
CHampton@bluerock.com

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SOURCE Bluerock Acquisition Corp.

FAQ

What did Bluerock Acquisition Corp (BLRKU) raise in its IPO on December 12, 2025?

Bluerock raised $172.5 million from 17,250,000 units at $10.00 per unit, including full over-allotment.

How many warrants were sold in Bluerock's private placement and for how much?

The company sold 4,500,000 private placement warrants for $1.00 each, totaling $4.5 million.

What are the warrant terms for BLRKU units and private placement warrants?

Each whole warrant is exercisable to buy one Class A share at an exercise price of $11.50 per share.

When did BLRKU begin trading and what future tickers are expected?

Units began trading on Nasdaq as BLRKU on December 11, 2025; separate Class A shares and warrants are expected to list as BLRK and BLRKW.

Who participated in Bluerock's offering syndicate for the IPO?

Cantor Fitzgerald acted as sole book-running manager, with Brookline Capital Markets and Clear Street as co-managers.

How many private placement warrants did Bluerock's sponsor purchase?

Bluerock Acquisition Holdings purchased 3,000,000 of the private placement warrants.