Merlin and Bleichroeder Acquisition Corp. I Announce Definitive Agreement for $800 Million Business Combination to Propel AI in Aviation
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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.
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