What changed
Bluerock Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target and has not engaged in any substantive discussions with any target. The company intends to focus on businesses in the real estate industry.
Offering: $150,000,000 at $150,000,000 valuation
Key risk: The ability of public shareholders to exercise redemption rights with respect to a large number of shares and the amount of deferred underwriting compensation may not allow the company to complete the most desirable business combination or optimize its capital structure, and may substantially dilute investment.
Proceeds: To place $150,000,000 (or $172,500,000 if the underwriter's over-allotment option is exercised in full) into a U.S.-based trust account, To repay up to $300,000 in loans made by the sponsor
Why it matters
Bluerock Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination w