[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-ursa-major-agrees-dollar23b-sp1801a03e03-3570-7284-ab48-c08d4ecb1d1e":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":9,"asset":18,"tagsCategories":19,"totalComments":20,"lang":21,"unique_views_count":22,"enrichStatus":18},"ursa-major-agrees-dollar23b-sp1801a03e03-3570-7284-ab48-c08d4ecb1d1e","1787745691000","Ursa Major Agrees $2.3B SPAC Deal to Fund Hypersonic Expansion","\u003Cp>Ursa Major said on August 25 it had signed a definitive agreement to merge with Bleichroeder Acquisition Corp. III, a transaction expected to take the hypersonics and propulsion company public on Nasdaq in the first quarter of 2027. The deal gives the privately funded defence technology company a route to raise capital for expanded missile and rocket-motor production.\u003C/p>\u003Cp>The proposed transaction carries an implied post-transaction equity value of about $2.3 billion. It is backed by at least $350 million in committed private investment in public equity, or PIPE, financing, although roughly $110 million of that amount was funded when the agreement was signed.\u003C/p>Bleichroeder merger targets Q1 2027 Nasdaq listing\u003Cp>The agreement pairs Ursa Major with the special purpose acquisition company Bleichroeder Acquisition Corp. III. Ursa Major \u003Ca href=\"https://www.prnewswire.com/news-releases/hypersonics-and-critical-munitions-company-ursa-major-to-go-public-302859004.html\">announced the definitive deal\u003C/a> on August 25, setting a Q1 2027 target for completion and a Nasdaq listing for the combined company.\u003C/p>\u003Cp>The companies have set a target, not announced a completion date; as with SPAC transactions generally, further steps typically remain before closing. The announcement also did not state that the Nasdaq listing had already occurred.\u003C/p>$2.3bn valuation includes committed PIPE financing\u003Cp>The transaction values Ursa Major at approximately $1.6 billion on a pre-money basis and approximately $2.3 billion post-transaction, alongside at least $350 million in committed PIPE capital.\u003C/p>\u003Cp>That committed amount was not fully funded at signing: about $110 million had been funded, according to the company’s release. The post-transaction valuation therefore does not establish that the full PIPE commitment was funded on August 25.\u003C/p>\u003Cp>Ursa Major conducts a full-duration static-fire test of its Draper-powered Affordable Rapid Missile Demonstrator. — Source: \u003Ca href=\"https://breakingdefense.com/2026/08/hypersonics-rocket-startup-ursa-major-to-go-public-in-2-3b-deal/\">Breaking Defense\u003C/a>\u003C/p>Proceeds earmarked for motors, HAVOC and Galeton\u003Cp>Ursa Major said transaction proceeds will support production of solid rocket motors, HAVOC, liquid hypersonic engines and space-mobility systems, along with a planned large-scale production campus in Galeton, Colorado.\u003C/p>\u003Cp>That expansion plan sits alongside a company that, according to \u003Ca href=\"https://breakingdefense.com/2026/08/hypersonics-rocket-startup-ursa-major-to-go-public-in-2-3b-deal/\">Breaking Defense\u003C/a>, has raised more than $380 million privately and employs more than 360 people across six facilities. The outlet reported that Ursa Major unveiled its HAVOC hypersonic missile system in February 2026.\u003C/p>\u003Cp>Ursa Major is pursuing the planned public-market transaction as it works to move those propulsion and hypersonic programs toward larger-scale production.\u003C/p>\u003Cp>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.\u003C/p>","https://cryptodaily.co.uk/2026/08/ursa-major-spac-deal-2-3-billion-hypersonic-expansion",null,"[\"More News\"]","[\"Across\",\"Alongside\",\"Equity\",\"Backed\"]","[{\"name\":\"Across\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/across.png\"},{\"name\":\"Alongside\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/alongside.png\"},{\"name\":\"Equity\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/equity.png\"},{\"name\":\"Backed\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/backed.png\"}]","18",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/crypto-daily.png","Crypto Daily","","[\"Crypto\"]","0","EN","3"]