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Bleichroeder Acquisition Corp. IIIBullish
Ursa Major has secured two new contracts totaling $137 million from the U.S. Navy to develop solid rocket motors for missile programs. This announcement comes ahead of the company's $2.2 billion SPAC merger with Bleichroeder Acquisition Corp. III, with development expected to span approximately three years.…more
Bleichroeder Acquisition Corp. III
Bleichroeder Acquisition Corp. III (Mach X) is pursuing a SPAC merger with Ursa Major, a developer of missile and rocket propulsion systems. Upon completion, the company will be renamed Inflection Point Mach X Bleichroeder Corp., and Mach X intends to file an S-4 registration statement with the SEC to seek shareholder approval.…more
Bleichroeder Acquisition Corp. III
Bleichroeder Acquisition Corp. III announced its plan to go public through a business combination with Ursa Major Technologies, targeting completion in the first quarter of next year. As part of the deal, Ursa Major has raised $350 million in PIPE financing, with $100 million backed by Bleichroeder.…more
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Ursa Major Technologies to Go Public via SPAC Merger
Defense firm Ursa Major Technologies will merge with Bleichroeder Acquisition III to list on the Nasdaq with a post-transaction valuation of approximately $2.3 billion. The proceeds will be used to scale production of solid rocket motors and hypersonic engine systems.…more