Yellow.ai to go public via $550 million SPAC merger with Bluerock

Yellow.ai, an enterprise agentic AI company for customer-service automation, agreed to go public through a $550 million merger with Bluerock Acquisition Corp., a publicly traded blank-check firm, the company said on August 3.

The deal would take Yellow.ai public without a traditional initial public offering. Bluerock Acquisition Corp. (Nasdaq: BLRK) is a special purpose acquisition company, or SPAC, a shell that raises money from public investors and then merges with a private business to list it.

Yellow.ai builds AI agents, software that handles customer conversations across voice, chat and email, and says it runs enterprise deployments in more than 85 countries and 135 languages. The company also says it was recently named a Strong Performer in Forrester’s Wave report on conversational AI platforms for customer service for the second quarter of 2026.

The companies said the deal values Yellow.ai at about $300 million before the merger, implying roughly $550 million in pro forma equity value for the combined business assuming no share redemptions, with closing expected in the second half of 2026. The eventual ownership split and any minimum-cash condition were not detailed. SPAC deals also frequently unravel between signing and completion, when investor redemptions can drain the cash a target expects to receive.

If the merger closes, Yellow.ai would join a small group of agentic-AI startups reaching public markets while enterprise interest in automating call centers runs high.