Group 1 - Bluerock Acquisition Corp. closed its initial public offering (IPO) of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units from the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable at $11.50 per share [1] - The units began trading on Nasdaq under the ticker symbol "BLRKU" on December 11, 2025, with separate listings for Class A ordinary shares and warrants expected under "BLRK" and "BLRKW," respectively [2] Group 2 - Concurrently with the IPO, the company closed a private placement of 4,500,000 warrants at $1.00 per warrant, generating gross proceeds of $4,500,000 [3] - The proceeds from the IPO and private placement resulted in $172,500,000 being placed in trust, equating to $10.00 per unit sold in the public offering [3] - Bluerock Acquisition Corp. is a blank check company aimed at merging or acquiring businesses across various industries [4] Group 3 - The company aims to provide a compelling value proposition to businesses seeking to enter public markets, focusing on companies at an inflection point in their growth [5] - Cantor Fitzgerald & Co. served as the sole book-running manager for the offering, with Brookline Capital Markets and Clear Street LLC as co-managers [5] - A registration statement for the securities was declared effective by the SEC on December 10, 2025 [6]
Bluerock Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Exercise of Underwriters' Over-Allotment Option in Full