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.
About Ashurst Perkins Coie
Ashurst Perkins Coie is the global law firm for the future economy. With 3,500 client-facing practitioners across 52 offices worldwide, the firm advises leading organizations in technology, energy and infrastructure, and financial services—three critical industries at the center of economic transformation. Combining global scale, sector insight, and technological capability, Ashurst Perkins Coie helps clients navigate change and unlock opportunity. For additional information about Ashurst Perkins Coie, please visit: www.ashurstperkinscoie.com.
