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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]…

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