Bluerock Acquisition Corp. entered into a definitive Business Combination Agreement on July 31, 2026, to merge with Yellow.ai (Bitonic Technology Labs Inc.). The transaction values Yellow.ai at a pre-money equity value of approximately $300 million and implies a pro forma equity value of ~$550 million for the combined company. Bluerock will domesticate as a Delaware corporation named Yellow.ai, trading on Nasdaq under the ticker "YAI." The deal includes $30 million in committed PIPE financing ($5 million Equity PIPE and up to $50 million Note PIPE) and approximately $175 million from Bluerock's trust account. Closing is expected in the second half of 2026, subject to shareholder approval and customary conditions. Yellow.ai operates as a global leader in enterprise agentic AI for service automation.