* Bleichroeder Acquisition Corp. I (NASDAQ:BACQ [https://seekingalpha.com/symbol/BACQ]) and Merlin have signed a definitive business combination agreement.
* The deal values Merlin at $800M pre-money.
* $125M+ in PIPE funding committed, with $78M funded at signing.
* Transaction expected to close in early 2026.
* Merlin develops aircraft-agnostic AI flight systems for defense and civil aviation.
* Company has contracts with USSOCOM ($105M for C-130J) and USAF (KC-135 integration).
* SPAC sponsor Inflection Point previously backed Intuitive Machines (LUNR [https://seekingalpha.com/symbol/LUNR]) and USA Rare Earth.
* Up to $257M in additional proceeds possible, depending on SPAC redemptions.
* Funds will fuel tech development, customer delivery, acquisitions, and talent growth.
* Source: Press release [https://seekingalpha.com/pr/20201096-merlin-to-go-public-via-business-combination-with-inflection-point-led-spac-as-leading]
MORE ON BLEICHROEDER ACQUISITION CORP. I
* Financial information for Bleichroeder Acquisition Corp. I [https://seekingalpha.com/symbol/BACQ/income-statement]
Merlin to go public via $800M SPAC deal with Inflection Point’s BACQ
Published 2 months ago
Aug 14, 2025 at 12:59 PM
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