Search

Merlin Labs to Go Public Next Year Through SPAC

Merlin Labs to Go Public Next Year Through SPAC
U.S. Air Force 102nd Rescue Squadron evaluator pilots check the control panel of an HC-130J Super Hercules as they fly from Ämari Air Base, Estonia, to Aviano Air Base, Italy on Jan. 26, 2024 (U.S. Air Force Photo)

The Boston-based Merlin Labs said on Thursday that it plans to go public early next year through  Bleichroeder Acquisition Corp. [BACQ], a special purpose acquisition company (SPAC) led by Inflection Point Asset Management. "As the leading defense prime contractor for AI [artificial intelligence] in aviation, the deal values Merlin at $800 million pre-money, and has over $125 million in committed PIPE [Private Investment in Public Equity] capital, $78 million of which has been funded at the BCA [business combination agreement]…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…


M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…


Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…


Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…