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Business/Financial

Merlin Labs to Go Public Next Year Through SPAC

Frank Wolfe

Thursday, August 14th, 2025

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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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