Merlin Labs to Go Public in $800 Million SPAC Merger

Merlin will use the proceeds to accelerate its autonomous flight systems rollout, leveraging a Hanscom Field facility lease for workforce expansion.

Overview

Merlin has signed a business combination with Bleichroeder Acquisition Corp., valuing the autonomy software developer at $800 million pre-deal.
Inflection Point Asset Management and other investors have committed $125 million to the transaction, with $78 million funded at signing and CEO Mike Blitzer joining Merlin’s board.
The deal is expected to close in early 2026, pending regulatory approvals.
Merlin continues testing its Merlin Pilot autonomy stack under DoD contracts, including a $105 million C-130J integration and a Beacon partnership with Northrop Grumman’s Model 437 Vanguard.
Proceeds will fund hiring to grow the workforce toward 200 employees, potential acquisitions and the leased former Navy hangar at Hanscom Field in Massachusetts.