BPGC Acquisition Corp. 8-K

What Happened
BPGC Acquisition Corp. announced that iRocket Technologies, Inc. terminated the Agreement and Plan of Merger with BPGC on April 14, 2026. The Merger Agreement was originally signed July 22, 2025 and amended on October 6, October 30 and December 12, 2025. iRocket terminated the agreement pursuant to Section 10.01(c)(ii), which allowed termination if the transactions were not completed by March 16, 2026.

Key Details

• Merger Agreement parties: BPGC Acquisition Corp. (Cayman Islands), iRocket Technologies, Inc., iRocket Merger Sub, LLC, BPGC Merger Sub, Inc., and Innovative Rocket Technologies Inc.
• Effective termination date: April 14, 2026; original outside date referenced: March 16, 2026.
• The related Support Agreement entered in connection with the Merger Agreement automatically terminated.
• After termination, BPGC and iRocket discussed reinstating the deal for about eight weeks but could not agree on terms. The Merger Agreement is now of no further force and effect except for limited customary survival provisions.

Why It Matters
This 8-K confirms the contemplated merger/acquisition between BPGC and iRocket will not proceed under the existing agreement. For investors, that means the previously announced business combination is terminated, associated support commitments have ended, and any expected changes from the deal (ownership, strategy, or combined company financials) will not occur unless a new agreement is reached. Shareholders should watch for future filings from BPGC about new transaction plans, liquidations, or other material developments.