Latham Advises Ursa Major Technologies on US$2.3 Billion Merger With Bleichroeder Acquisition Corp.

Ursa Major Technologies, Inc., an aerospace and defense company building hypersonics, solid rocket motors, and space mobility systems, has 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 (Nasdaq: IPXX). The parties also secured US$350 million in PIPE commitments to support the transaction.

Latham & Watkins LLP advised Ursa Major Technologies on the business combination and PIPE investments with a corporate deal team led by Houston partners Ryan Maierson, Nick Dhesi, and John Slater, with associates Erik Thompson and Riann Winget; on executive compensation and employee benefits matters by Los Angeles/Orange County partner Michelle Carpenter, with associate Erica Shin; on environmental matters by associate Brian McCall; on tax matters by Houston partner Jared Grimley, with associate Graham Core; on regulatory matters by Washington, D.C. partner Dean Baxtresser, with associate Pascal Jakowec; and on antitrust matters by Washington, D.C. partner Patrick English, with associate Ben Bouwman.