Bleichroeder Acquisition Corp. I Completes $250,000,000 Initial Public Offering
04 Novembro 2024 - 6:37PM
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 $10.00 per unit, resulting in gross proceeds
of $250,000,000.
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,
$250,000,000 (or $10.00 per unit sold in the offering) was placed
in a trust account of the Company.
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 FloorNew York, NY 10105Attn: Robert Folino(o)
212.984.3835robert.folino@bspac1.com
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