Merlin and Bleichroeder Acquisition Corp. I Announce Definitive Agreement for $800 Million Business Combination to Propel AI in Aviation
Merlin has entered into a definitive agreement for a business combination with Bleichroeder Acquisition Corp. I, valuing Merlin at $800 million pre-money. The deal, which includes over $125 million in PIPE capital, aims to enhance Merlin's autonomous flight technology for defense. Approval from both companies' Boards has been secured, with the transaction expected to close in early 2026, pending regulatory and shareholder approvals.
Merlin, a leading developer of autonomous flight technology for defense applications, has announced a definitive business combination agreement with Bleichroeder Acquisition Corp. I (BAC), a SPAC backed by Inflection Point Asset Management. The transaction, valuing Merlin at $800 million pre-money, is expected to close in early 2026. It includes over $125 million in committed PIPE capital to accelerate Merlin’s technology development and strategic acquisitions. The deal has received unanimous approval from both companies’ Boards of Directors and awaits customary closing conditions, including regulatory and shareholder approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bleichroeder Acquisition Corp. I published the original content used to generate this news brief via Business Wire (Ref. ID: 20250814418852) on August 14, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
