Bluerock Acquisition Corp. filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 13, 2026, reporting financial results for the quarter and nine months ended September 30, 2026.

Key Highlights

  • Trust Account balance: Cash and marketable securities held in Trust Account totaled $177,210,222 as of September 30, 2026, up from $172,738,674 at December 31, 2025.
  • Net loss for Q3 2026: The company reported a net loss of $471,081 for the three months ended September 30, 2026, compared to net income of $2,158,889 for the nine months ended September 30, 2026.
  • Transaction costs: Transaction costs of $1,732,682 were recorded in the three and nine months ended September 30, 2026.
  • Redemption value: 17,250,000 Class A ordinary shares were subject to possible redemption at $10.27 per share as of September 30, 2026, versus $10.01 per share at December 31, 2025.
  • Shareholders' deficit: Total shareholders' deficit was $(8,897,153) as of September 30, 2026, compared to $(6,584,494) at December 31, 2025.
  • Interest income: Interest earned on cash and marketable securities held in Trust Account was $1,424,608 for the three months ended September 30, 2026, and $4,471,548 for the nine months ended September 30, 2026.

Bluerock Acquisition Corp. Financial Position and Operations Through September 30, 2026

According to the filing, Bluerock Acquisition Corp. (NASDAQ:BLRKU) reported total assets of $177,473,789 as of September 30, 2026, with the majority consisting of cash and marketable securities held in Trust Account at $177,210,222. Current assets included cash of $159,742, prepaid insurance of $66,500, and prepaid expenses of $23,471. Total current liabilities rose to $1,810,720, driven primarily by accrued expenses of $1,735,720 compared to $4,617 at December 31, 2025. A deferred underwriting fee of $7,350,000 remained unchanged from year-end.

The filing disclosed a net loss of $471,081 for the three months ended September 30, 2026, attributable in part to transaction costs of $1,732,682 and general and administrative costs of $163,007 recorded in the quarter. These were partially offset by interest earned on Trust Account assets of $1,424,608. For the nine-month period ended September 30, 2026, the company reported net income of $2,158,889, reflecting $4,471,548 in Trust Account interest income against $579,977 in general and administrative costs and the same $1,732,682 in transaction costs. Basic and diluted net income per share for both Class A and Class B ordinary shares was $0.09 for the nine months ended September 30, 2026.

As of November 13, 2026, the registrant reported 17,250,000 Class A ordinary shares and 5,750,000 Class B ordinary shares issued and outstanding. The company disclosed that it is incorporated in the Cayman Islands, is classified as a shell company, and qualifies as a smaller reporting company and emerging growth company. The filing noted that the underwriters exercised their over-allotment option in full on December 12, 2025, so the 750,000 Founder Shares previously subject to forfeiture are no longer subject to that condition.

What Was Disclosed

Bluerock Acquisition Corp. filed its 10-Q for the quarter ended September 30, 2026, disclosing a quarterly net loss of $471,081, a Trust Account balance of $177,210,222, a Class A share redemption value of $10.27 per share, and a total shareholders' deficit of $(8,897,153).