White & Case advises Inflection Point-led SPAC on its entry into a US$800 million business combination agreement with Merlin

Global law firm White & Case LLP has advised Bleichroeder Acquisition Corp. I (Nasdaq: BACQ), a SPAC led and backed by the management team of Inflection Point Asset Management (which will be renamed Inflection Point Acquisition Corp IV), on its entry into a definitive business combination agreement with Merlin, a leading developer of assured, autonomous flight technology for defense customers.

The transaction, which values Merlin at US$800 million pre-money and has over US$125 million in committed PIPE capital, positions Merlin to scale critical AI-enabled autonomous flight capabilities while continuing to support national security in a rapidly evolving defense landscape.

The White & Case team was led by Capital Markets partner Joel Rubinstein, M&A partner Matthew Kautz and Capital Markets associate Russell Deutsch (all in New York); and included Tax partners Steven Gee and Adriana Zhan, Capital Markets associates Guiying Ji and Karen Chan (all in New York), M&A associates Nasir Tak (Washington, DC), Eliot Murphy, Matt Shafman and Jason Dong (all in New York).

This is the third Inflection Point-led SPAC for which White & Case has advised on both its initial public offering and de-SPAC transaction. The Firm also recently advised Inflection Point Acquisition Corp. III on its initial public offering.

Press contact
For more information please speak to your local media contact.