Bleichroeder Acquisition Corp. I Announces the Pricing of $250,000,000 Initial Public Offering
31 Outubro 2024 - 7:52PM
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. I1345 Avenue of the Americas,
47th FloorNew York, NY 10105Attn: Robert Folino(o)
212.984.3835robert.folino@bspac1.com
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