Hypersonics and Critical Munitions Company Ursa Major to Go Public

DENVER, Aug. 25, 2026 /PRNewswire/ — Ursa Major Technologies, Inc., an aerospace and defense company building hypersonics, solid rocket motors and space mobility systems, today announced it has entered into a definitive business combination agreement with Bleichroeder Acquisition Corp. III (Nasdaq: BCCQU), a special purpose acquisition company (SPAC) led and backed by the management team of Inflection Point Asset Management, to be renamed Inflection Point Mach X Bleichroeder Corp. (Nasdaq: IPXX).

Upon closing, Ursa Major will be a publicly traded critical munitions company, solving the most pressing defense challenges in hypersonics and solid rocket motor manufacturing.

The combined company is expected to trade on the Nasdaq following closing, which is anticipated in the first quarter of 2027.

Transaction Highlights

• The transaction reflects a pre-money equity valuation of approximately $1.6 billion and a post-transaction equity valuation of approximately $2.3 billion.
• The transaction is supported by at least $350 million of PIPE commitments, of which approximately $110 million will be funded at signing of the business combination agreement.
• The PIPE commitment is anchored by Inflection Point and includes both new institutional investors and existing Ursa Major investors, including XN.
• Ursa Major may also retain up to $345 million in additional proceeds depending on redemptions.
• Proceeds are expected to accelerate the expansion of Ursa Major’s proven production capabilities across solid rocket motors, the HAVOC Missile System and liquid hypersonic engines, and space mobility systems, helping the company deliver critical systems to customers at greater scale and speed.
• Ursa Major and Inflection Point will make a recorded investor presentation available on August 25, 2026 at 8:30 a.m. ET. The webcast may be accessed at https://app.webinar.net/nNBmaE0epX6 or via our website at ursamajor.com/investors.
• The Board of Directors of both Ursa Major and Bleichroeder unanimously approved the transaction, which is expected to close in the first quarter of 2027 subject to shareholder and regulatory approvals and other customary closing conditions.

The transaction represents the next phase for a defense manufacturer that has spent more than a decade building the propulsion technology, adaptable manufacturing infrastructure, and safety, quality and qualification systems required to produce critical capabilities reliably and at scale. The capital will allow Ursa Major to expand production against growing customer demand and help strengthen the U.S. defense industrial base.