NEW YORK (August 10, 2026)—Ashurst Perkins Coie is pleased to have advised Bluerock Acquisition Corp. (Nasdaq: BLRK), a publicly traded special purpose acquisition company, on its entry into a definitive business combination agreement with Yellow.ai, a global leader in enterprise agentic AI for service automation. The transaction values the combined company at a pro forma equity value of approximately $550 million.
The transaction, which includes $30 million in private investment in public equity (PIPE) financing, is expected to close in the second half of 2026. Proceeds from the transaction will fund continued investment in Yellow.ai’s AI platform, expanded enterprise sales across North America and Europe, and a disciplined M&A strategy to acquire and modernize business process outsourcing operators with AI-native technology.
Ashurst Perkins Coie’s advisory team was led by Capital Markets Partner Elliott Smith, M&A Partner Gina Eiben, and Tax Partner Bryan Smith; Counsel Sarah Ross, Jordan Leon, and Minkeun Woo; and Associates Brennan Power, April Foreman, Haley Chapa, and Kristi Lavoie.
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