Bluerock Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering

Rhea-AI Summary

Bluerock Acquisition Corp (Nasdaq: BLRKU) priced an initial public offering of 15,000,000 units at $10.00 per unit, raising $150,000,000 before any exercise of an overallotment option. Each unit contains one Class A ordinary share and one-third of a redeemable warrant; whole warrants are exercisable to buy one Class A share at $11.50 per share, subject to adjustments.

Securities are expected to begin trading as BLRKU on Dec 11, 2025, with separate trading for Class A shares and warrants under BLRK and BLRKW after separation. The offering is expected to close on Dec 12, 2025. Underwriters include Cantor Fitzgerald as book‑runner, with co‑managers Brookline Capital Markets and Clear Street; a 45‑day option covers up to 2,250,000 additional units. The company is a blank check company formed to pursue a business combination in any industry. Registration was declared effective by the SEC on Dec 10, 2025.

Positive

• Gross proceeds of $150,000,000 from 15,000,000 units
• Listing date set for Dec 11, 2025 on Nasdaq (BLRKU)
• 45-day overallotment option for 2,250,000 units (15%)

Negative

• Warrant exercise price at $11.50 could dilute shareholders if exercised
• Blank check structure means no announced target and uncertain M&A timing
• Potential dilution from up to 2,250,000 additional units (15%)

Insights

Capital markets analyst

Bluerock priced a $150 million SPAC IPO of 15,000,000 units, expected to list on Nasdaq on Dec 11, 2025.

Bluerock Acquisition Corp. raised gross proceeds of $150,000,000 via sale of 15,000,000 units at $10.00 per unit, with each unit containing one Class A share and one-third of a warrant exercisable at $11.50. The structure and underwriter syndicate (sole book-runner and co-managers) follow standard SPAC issuance mechanics, and an underwriter option covers up to an additional 2,250,000 units for 45 days.

Primary dependencies include completing the offering expected to close on Dec 12, 2025 and later identifying a target for a business combination within the SPAC framework. Key items to watch near term: the underwriters' exercise of the over-allotment option, the separate listing of shares and warrants under symbols BLRK and BLRKW, and announcements of a preliminary target or combination timeline within the SPAC period.

NEW YORK, Dec. 10, 2025 /PRNewswire/ -- Bluerock Acquisition Corp. (the "Company") today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market ("Nasdaq") and are expected to trade under the ticker symbol "BLRKU" beginning on December 11, 2025. 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, subject to certain adjustments. Only whole warrants will be exercisable. 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. The offering is expected to close on December 12, 2025.

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.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC, and Clear Street LLC are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street New York, New York 10022, or by email at prospectus@cantor.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. 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 and preliminary prospectus for the Company's 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) price its IPO at on December 11, 2025?

Bluerock priced 15,000,000 units at $10.00 per unit, implying $150,000,000 in gross proceeds before any overallotment.

When will BLRKU begin trading on Nasdaq and under what ticker?

Units are expected to trade as BLRKU beginning Dec 11, 2025.

What does each BLRKU unit include and what is the warrant exercise price?

Each unit includes one Class A ordinary share and one-third of one redeemable warrant; whole warrants are exercisable at $11.50 per share.

When is the BLRKU offering expected to close and when was SEC registration effective?

The offering is expected to close on Dec 12, 2025; the SEC declared the registration effective on Dec 10, 2025.

How large is the underwriters' overallotment option for BLRKU and what is the percentage?

Underwriters have a 45‑day option to buy up to 2,250,000 units, equal to 15% of the initial 15,000,000 units.

What is the investment purpose and risk profile of Bluerock Acquisition Corp (BLRKU)?

Bluerock is a blank check company formed to pursue a business combination in any industry, which means investors face uncertainty about target, timing, and future business prospects.