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Bleichroeder Acquisition Corp. I (Nasdaq: BACQU) has announced that starting December 2, 2024, investors who hold units from the company's initial public offering can choose to trade Class A ordinary shares and rights separately. The separated components will trade on the Nasdaq Global Market under the symbols 'BACQ' for Class A ordinary shares and 'BACQR' for rights. Units that remain combined will continue trading under 'BACQU'. The announcement includes a disclaimer regarding securities sales restrictions in certain jurisdictions.
Bleichroeder Acquisition Corp. I has completed its initial public offering of 25,000,000 units at $10.00 per unit, raising $250,000,000 in gross proceeds. The units, trading under symbol BACQU on Nasdaq, consist of one Class A ordinary share and one right to receive one-tenth of a share upon business combination. The entire offering proceeds were placed in trust. The company, a blank check entity, aims to pursue business combinations primarily in the technology, media and telecommunications (TMT) sector or industries undergoing technological transformation.
Bleichroeder Acquisition Corp. I has announced the pricing of its $250 million initial public offering, consisting of 25,000,000 units at $10 per unit. Trading will commence on Nasdaq under symbol BACQU on November 1, 2024. Each unit includes one Class A ordinary share and one right to receive one-tenth of a share upon business combination completion. The company is a blank check firm focusing on technology, media and telecommunications (TMT) sector acquisitions, led by Co-Founders Michel Combes and Andrew Gundlach. Underwriters have a 45-day option to purchase up to 3,750,000 additional units.
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