Ursa Major to go public via $2.3B SPAC merger
Ursa Major, a Colorado-based defense technology firm, will go public through a merger with Bleichroeder Acquisition Corp. III, valuing the combined entity at approximately $2.3 billion. The deal, announced August 25, 2026, secures at least $350 million in committed financing to expand production of hypersonic missiles and solid rocket motors. The transaction is expected to close in the first quarter of 2027, allowing Ursa Major to trade on Nasdaq. The capital will fund the conversion of its Galeton, Colorado, test site into a production campus and support the scaling of its HAVOC missile system and Draper liquid engine. This move marks a strategic shift from commercial rocket engine supply to broader defense manufacturing, aligning with Pentagon efforts to diversify the missile industrial base.
