Bluerock Acquisition (BLRKU) said Friday it closed its initial public offering of nearly 17.3 million units at $10 apiece.

The IPO comprised nearly 2.3 million units issued upon the full exercise of an overallotment option by underwriters, the company said.

Each unit comprises a class A common share and one-third of a redeemable warrant, where each warrant is exercisable to buy a class A share at $11.50 apiece, according to the blank check company.

The units were listed on Nasdaq under the ticker "BLRKU." The class A shares and warrants are expected to be listed under the ticker "BLRK" and "BLRKW," respectively, once they begin separate trading, according to a statement.

The company also closed a private placement of 4.5 million warrants at $1 apeice for gross proceeds of $4.5 million. Each warrant is exercisable to buy a class A share at $11.50 per share. Proceeds of $172.5 million from the offerings were placed in a trust, the company added.