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

The combined transactions placed $173,362,500 in trust for the blank-check company's pursuit of a business combination.

Rhea-AI Summary

Bluerock Acquisition Corp. II (BRRKU) closed its $172.5 million initial public offering of units, including the underwriter's full over-allotment exercise.

The offering comprised 17,250,000 units at $10.00 each, including 2,250,000 over-allotment units. Each unit contains one Class A ordinary share and half a redeemable warrant. Each whole warrant can buy one Class A ordinary share at $11.50. The units began trading on Nasdaq on September 25, 2026.

Alongside the offering, the company closed a private placement of 5,812,500 warrants at $1.00 each, raising $5,812,500 in gross proceeds. Each private warrant also has an $11.50 exercise price. Of the proceeds from both transactions, $173,362,500, or $10.05 per public unit, was placed in trust. The company was formed to pursue a business combination. Its shares and warrants are expected to trade separately as BRRK and BRRKW once separation begins.

Positive

• $172.5 million public offering closed with 17,250,000 units sold at $10.00 each, including the full over-allotment.
• 5,812,500 private warrants sold at $1.00 each, generating $5,812,500 in gross proceeds.
• $173,362,500, or $10.05 per public unit, was placed in trust from the combined proceeds.

Negative

• 17,250,000 new units each include one Class A share and half a redeemable warrant; whole warrants are exercisable at $11.50 per share.
• 5,812,500 private warrants are exercisable for Class A shares at $11.50 each, adding potential dilution.

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NEW YORK, Sept. 28, 2026 /PRNewswire/ -- Bluerock Acquisition Corp. II (Nasdaq: BRRKU) (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 underwriter of its 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-half 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 "BRRKU" on September 25, 2026. 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 "BRRK" and "BRRKW," respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 5,812,500 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $5,812,500. Bluerock Acquisition Holdings II, LLC, the Company's sponsor, purchased 3,862,500 of the private placement warrants and BTIG, LLC purchased 1,950,000 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, $173,362,500 (or $10.05 per unit sold in the public offering) was placed in trust.

Bluerock Acquisition Corp. II 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. II, our second SPAC vehicle, we believe we offer a compelling value proposition to prospective companies considering a path to the public markets," said Harrison Seideman, President and Chief Operating Officer of Bluerock Acquisition Corp. II. "Building on the platform we established with our first vehicle, we intend to focus our sourcing efforts on companies at an inflection point in their growth trajectory seeking a strategic capital partner."

BTIG, LLC acted as the sole book-running manager for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on September 24, 2026. 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 BTIG, LLC, 65 East 55th Street, New York, NY 10022, by email at: ProspectusDelivery@btig.com, or by visiting the SEC's website at www.sec.gov.

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. II

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Bluerock Acquisition Corp. II raise in its IPO, and at what unit price?

Bluerock Acquisition Corp. II closed a $172.5 million IPO of 17,250,000 units at $10.00 per unit. The total includes 2,250,000 units issued through the underwriter's full over-allotment exercise.

Who bought the warrants in Bluerock Acquisition Corp. II's private placement?

Bluerock Acquisition Holdings II, the company's sponsor, bought 3,862,500 warrants, and BTIG bought 1,950,000 warrants. The placement closed alongside the IPO at $1.00 per warrant.