Bluerock Acquisition, a blank check company led by executives from alternative asset manager Bluerock, raised $150 million by offering 15 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Bluerock Acquisition is led by CEO and Chairman Ramin Kamfar, the founder, CEO, and Chairman of alternative asset manager Bluerock, with $120 billion real estate and capital markets experience across its principals. He is joined by CFO Christopher Vohs, the CAO of Bluerock. The SPAC plans to target companies that are robust growth prospects with recurring and predictable revenues, experienced management teams, and comparable public peers, among other characteristics. While it is not constrained to any specific industry, the company’s management team has extensive experience across investment banking, financial institutions, fintech, asset management, private credit, private wealth, retail, biotech, capital markets, and real estate.
Bluerock Acquisition plans to list on the Nasdaq under the symbol BLRKU. Cantor Fitzgerald acted as sole bookrunner on the deal.
