Ursa Major Goes Public in 2.3B SPAC Deal
Aerospace and defense company Ursa Major will go public through a 2.3 billion dollar deal with Bleichroeder Acquisition Corp. The transaction will help expand its production of hypersonic engines and weapons technologies amid rising global demand.
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Defense startup Ursa Major will go public in the United States through a $2.3 billion SPAC deal with Bleichroeder Acquisition Corp. III, the companies announced on Tuesday. The transaction helps the propulsion manufacturer expand production capabilities in high-demand weapons technologies. The deal values Ursa Major at a post-transaction equity valuation of about $2.3 billion.
