Bluerock Acquisition Corp. agrees to merge with Yellow.ai in $550 million deal
On July 31, 2026, Bluerock Acquisition Corp., a blank check company listed on Nasdaq, signed a business combination agreement with Yellow.ai, an enterprise AI services provider. The deal values Yellow.ai at a $300 million pre-money valuation and a pro forma equity value of about $550 million, and would take Yellow.ai public under the ticker YAI. Completion requires Bluerock shareholder approval and is expected in the second half of 2026, and shareholder redemptions would reduce the cash available to the combined company.
Key points
- Business combination agreement signed July 31, 2026; expected to close in the second half of 2026
- Aggregate consideration of $300 million, at $10.00 per share of Pubco common stock, subject to adjustments
- About $175 million expected in Bluerock trust account cash at closing, assuming no redemptions, plus $30 million committed PIPE financing
- Milestone equity plan of up to 17,500,000 shares vests on revenue targets of $45 million, $55 million and $65 million, or a $12.00 stock price target
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.