Bleichroeder Acquisition Corp. I Announces the Pricing of $250,000,000 Initial Public Offering
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.
Bleichroeder Acquisition Corp. I ha annunciato il prezzo della sua offerta pubblica iniziale di $250 milioni, composta da 25.000.000 unità a $10 per unità. Le contrattazioni inizieranno su Nasdaq con il simbolo BACQU il 1 novembre 2024. Ogni unità include una azione ordinaria di classe A e un diritto di ricevere un decimo di azione al completamento della combinazione aziendale. La società è una società di assegno in bianco che si concentra su acquisizioni nel settore della tecnologia, media e telecomunicazioni (TMT), guidata dai co-fondatori Michel Combes e Andrew Gundlach. I sottoscrittori hanno un'opzione di 45 giorni per acquistare fino a 3.750.000 unità aggiuntive.
Bleichroeder Acquisition Corp. I ha anunciado el precio de su oferta pública inicial de $250 millones, que consta de 25,000,000 de unidades a $10 por unidad. Las operaciones comenzarán en Nasdaq bajo el símbolo BACQU el 1 de noviembre de 2024. Cada unidad incluye una acción ordinaria Clase A y un derecho a recibir un décimo de acción al completar la combinación de negocios. La empresa es una firma de cheque en blanco que se centra en adquisiciones en el sector de tecnología, medios de comunicación y telecomunicaciones (TMT), liderada por los cofundadores Michel Combes y Andrew Gundlach. Los suscriptores tienen una opción de 45 días para adquirir hasta 3,750,000 unidades adicionales.
블라이히로더 인수 회사 I가 2억 5천만 달러의 IPO 가격 조정을 발표했습니다. 이번 공모는 25,000,000개의 단위로 구성되며, 각 단위는 10달러입니다. 거래는 2024년 11월 1일 나스닥에서 BACQU 기호 아래 시작됩니다. 각 단위는 클래스 A 보통주 1주와 사업 결합 완료 시 1/10주의 권리를 포함합니다. 이 회사는 기술, 미디어 및 통신(TMT) 부문 인수에 중점을 둔 공백 수표 회사이며, 공동 설립자인 미셸 콤베스와 앤드류 군들라흐가 이끌고 있습니다. 인수업체는 최대 3,750,000개의 추가 단위를 구매할 수 있는 45일 옵션을 보유하고 있습니다.
Bleichroeder Acquisition Corp. I a annoncé le prix de son introduction en bourse de 250 millions de dollars, qui se compose de 25 000 000 d'unités au prix de 10 dollars par unité. Les négociations commenceront sur le Nasdaq sous le symbole BACQU le 1er novembre 2024. Chaque unité comprend une action ordinaire de classe A et un droit de recevoir un dixième d'une action lors de la finalisation de la combinaison d'entreprise. La société est une société à chèque en blanc axée sur les acquisitions dans le secteur de la technologie, des médias et des télécommunications (TMT), dirigée par les cofondateurs Michel Combes et Andrew Gundlach. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 3 750 000 unités supplémentaires.
Bleichroeder Acquisition Corp. I hat den Preis für ihr 250 Millionen Dollar umfassendes Initial Public Offering bekannt gegeben, das aus 25.000.000 Einheiten zu je 10 Dollar besteht. Der Handel wird am 1. November 2024 an der Nasdaq unter dem Symbol BACQU beginnen. Jede Einheit umfasst eine Stammaktie der Klasse A und ein Recht, bei Abschluss der Unternehmenszusammenlegung ein Zehntel einer Aktie zu erhalten. Das Unternehmen ist eine Blankocheckgesellschaft, die sich auf Akquisitionen im Bereich Technologie, Medien und Telekommunikation (TMT) konzentriert, und wird von den Mitgründern Michel Combes und Andrew Gundlach geleitet. Die Underwriter haben eine 45-tägige Option, bis zu 3.750.000 zusätzliche Einheiten zu erwerben.
- Successful pricing of $250 million IPO
- Listing on major exchange (Nasdaq)
- 45-day overallotment option for additional $37.5 million
- Focused strategy targeting high-growth TMT sector
- Blank check company with no operating history
- No guaranteed successful business combination
- Potential shareholder dilution through rights conversion
Insights
This SPAC IPO pricing announcement represents a significant capital raise of
The management team brings strong credentials, with Michel Combes' extensive telecom experience and Andrew Gundlach's investment background. The timing of this SPAC launch amid current market conditions suggests confidence in finding attractive acquisition targets, though investors should note the typical SPAC risks including dilution and the pressure to complete a deal within the standard timeframe.
New York, NY, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bleichroeder Acquisition Corp. I (the “Company”) announced today the pricing of its initial public offering of 25,000,000 units. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, November 1, 2024, under the ticker symbol “BACQU.” Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities constituting the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “BACQ” and “BACQR,” respectively. The offering is expected to close on November 4, 2024, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry. The Company’s primary focus, however, will be on businesses in the technology, media and telecommunications (“TMT”) sector as well as sectors that are being transformed via technology adoption. The Company’s management team is led by its Co-Founders, Michel Combes and Andrew Gundlach, and Robert Folino, its Chief Financial Officer. The Board also includes Nazim Cetin, Joseph Samuels, Kathy Savitt, Antoine Theysset, and Pierre Weinstein.
Cohen & Company Capital Markets is acting as lead book-running manager for the offering. Seaport Global Securities is acting as co-book runner.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on October 31, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contacts
Bleichroeder Acquisition Corp. I
1345 Avenue of the Americas, 47th Floor
New York, NY 10105
Attn: Robert Folino
(o) 212.984.3835
robert.folino@bspac1.com
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