Bleichroeder Acquisition Corp. I Completes $250,000,000 Initial Public Offering
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 ha completato la sua offerta pubblica iniziale di 25.000.000 di unità a $10,00 per unità, raccogliendo $250.000.000 in proventi lordi. Le unità, quotate con il simbolo BACQU su Nasdaq, consistono in un'azione ordinaria di Classe A e un diritto di ricevere un decimo di un'azione in caso di fusione aziendale. L'intero ricavato dell'offerta è stato messo in un fiducia. La società, un'entità di tipo 'blank check', punta a perseguire combinazioni aziendali principalmente nel settore tecnologia, media e telecomunicazioni (TMT) o in industrie che stanno subendo una trasformazione tecnologica.
Bleichroeder Acquisition Corp. I ha completado su oferta pública inicial de 25.000.000 de unidades a $10.00 por unidad, recaudando $250.000.000 en ingresos brutos. Las unidades, que cotizan con el símbolo BACQU en Nasdaq, consisten en una acción ordinaria de Clase A y un derecho a recibir un décimo de una acción en caso de combinación empresarial. Todos los ingresos de la oferta se colocaron en un fideicomiso. La compañía, una entidad de cheque en blanco, tiene como objetivo buscar combinaciones empresariales principalmente en el sector de tecnología, medios y telecomunicaciones (TMT) o en industrias que están experimentando una transformación tecnológica.
Bleichroeder Acquisition Corp. I는 주당 $10.00으로 25,000,000개의 유닛에 대한 초기 공모를 완료하여 $250,000,000의 총 수익을 올렸습니다. 나스닥에서 BACQU 기호로 거래되는 이 유닛은 A 클래스 보통주 1주와 비즈니스 조합 시 1/10 주를 받을 수 있는 권리로 구성됩니다. 전체 공모 수익은 신탁에 맡겨졌습니다. 이 회사는 '블랭크 체크' 회사로, 주로 기술, 미디어 및 통신 (TMT) 분야 또는 기술 변혁이 진행 중인 산업에서의 사업 조합을 추구할 계획입니다.
Bleichroeder Acquisition Corp. I a terminé son introduction en bourse avec 25 000 000 d'unités à 10,00 $ par unité, levant 250 000 000 $ de produits bruts. Les unités, négociées sous le symbole BACQU sur Nasdaq, se composent d'une action ordinaire de classe A et d'un droit de recevoir un dixième d'une action lors d'une combinaison d'entreprise. L'intégralité des produits de l'offre a été placée en fiducie. La société, une entité de type 'chèque en blanc', vise à rechercher des combinaisons d'entreprises principalement dans le secteur de la technologie, des médias et des télécommunications (TMT) ou dans des industries en cours de transformation technologique.
Bleichroeder Acquisition Corp. I hat ihr Initial Public Offering von 25.000.000 Einheiten zu je 10,00 $ pro Einheit abgeschlossen und dabei 250.000.000 $ an Bruttoerlösen erzielt. Die Einheiten, die unter dem Symbol BACQU an der Nasdaq gehandelt werden, bestehen aus einer Klasse A Stammaktie und einem Recht, im Falle einer Unternehmenszusammenführung ein Zehntel einer Aktie zu erhalten. Der gesamte Erlös aus dem Angebot wurde in Treuhand verwaltet. Das Unternehmen, eine 'Blankocheck'-Gesellschaft, hat zum Ziel, Unternehmenszusammenschlüsse hauptsächlich im Technologie-, Medien- und Telekommunikationssektor (TMT) oder in von technologischen Umwälzungen betroffenen Branchen zu verfolgen.
- Successfully raised $250 million through IPO
- Full proceeds ($10.00 per unit) secured in trust account
- Strategic focus on high-growth TMT sector
- Listed on major exchange (Nasdaq Global Market)
- No specific acquisition target identified yet
- Blank check company status carries inherent investment risks
- Shareholders face potential dilution from rights conversion
Insights
This SPAC IPO represents a significant market entry with
NEW YORK, NY, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Bleichroeder Acquisition Corp. I (the “Company”) announced today the closing of its initial public offering of 25,000,000 units. The offering was priced at
The Company’s units began trading on November 1, 2024 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “BACQU.” Each unit consists of one Class A ordinary share of the Company 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.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units,
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 acted as lead book-running manager for the offering. Seaport Global Securities acted as co-book runner.
The offering was made by means of a prospectus. 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 was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) 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 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 the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. 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 offering filed with the SEC. Copies 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.
Company Contact:
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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