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.
Inflection Point Acquisition Corp. II (Nasdaq: IPXX) is the subject of a shareholder investigation announced on September 4, 2024 by Monteverde & Associates, a law firm that says it is reviewing IPXX's proposed merger with USA Rare Earth.
Under the agreement, IPXX common stock will be automatically converted into the right to receive shares of USARE common stock. The firm offers a free, no‑cost consultation for potentially affected shareholders and invites investors to contact them for more information.
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