Yellow.ai to Go Public via $550M SPAC Merger with BLRK

San Mateo, Calif. and New York, N.Y., USA - Yellow.ai, a global leader in enterprise agentic AI for service automation, has announced a definitive Business Combination Agreement to go public through a merger with Bluerock Acquisition Corp. (Nasdaq: BLRK). Upon completion, the combined entity will operate as Yellow.ai and trade on The Nasdaq Capital Market under the ticker YAI.

The transaction implies a pro forma equity value of approximately $550 million for the combined company. This strategic move is expected to generate more than $200 million in gross proceeds, comprising roughly $175 million from Bluerock's trust account and $30 million in committed PIPE financing from institutional investors. Key management and founders are also investing their own capital into the PIPE, signaling strong long-term alignment.

• Transaction Details

• Pre-money valuation of approximately $300 million.
• Pro forma equity value of approximately $550 million.
• Total expected gross proceeds exceeding $200 million.
• Proceeds will be used to accelerate platform investment, expand enterprise sales in North America and Europe, and fund disciplined M&A, specifically targeting BPO operators.

Yellow.ai plans to utilize its agentic AI platform to capture a significant market shift. As the BPO (Business Process Outsourcing) market moves from human-delivered to AI-delivered customer experiences, Yellow.ai intends to transform acquired BPO entities into AI-native operations. The platform currently processes 16 billion conversations annually and supports over 650 enterprise clients globally.