Ursa Major signs conditional SPAC transaction targeting Q1 2027 close
Ursa Major entered a definitive business combination agreement with Bleichroeder Acquisition Corp. III, with closing expected in Q1 2027 subject to shareholder, regulatory and other customary approvals.
Evidence notes
- The proposed transaction reflects approximately $1.6 billion pre-money equity value and $2.3 billion post-transaction equity value.
- At least $350 million of PIPE commitments support the transaction, including approximately $110 million expected to fund at signing.
- These are conditional transaction terms, not a completed private financing or confirmed private valuation.