DLD Asset Management LP Buys Shares of 124,673 Bleichroeder Acquisition Corp. I $BACQ

Key Points

• DLD Asset Management LP acquired 124,673 shares of Bleichroeder Acquisition Corp. I, valued at approximately $1,248,000, representing about 0.37% of the company.
• Other institutional investors, including Mirae Asset Global Investments and Wolverine Asset Management, also increased their stakes in Bleichroeder Acquisition Corp. I during the first quarter.
• Bleichroeder Acquisition Corp. I's current stock price is $10.38, with a twelve-month range between $9.80 and $10.55.

DLD Asset Management LP bought a new stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 124,673 shares of the company's stock, valued at approximately $1,248,000. DLD Asset Management LP owned about 0.37% of Bleichroeder Acquisition Corp. I at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $339,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bleichroeder Acquisition Corp. I in the 1st quarter valued at about $609,000. K2 Principal Fund L.P. purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $756,000. Spartan Fund Management Inc. purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $986,000. Finally, Berkley W R Corp purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $986,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Bleichroeder Acquisition Corp. I to a "hold" rating in a report on Friday, June 27th.

Bleichroeder Acquisition Corp. I Stock Performance

Shares of NASDAQ:BACQ remained flat at $10.38 during trading on Monday. The stock had a trading volume of 1,525 shares, compared to its average volume of 121,127. Bleichroeder Acquisition Corp. I has a 1-year low of $9.80 and a 1-year high of $10.55. The company has a 50-day moving average price of $10.35 and a 200-day moving average price of $10.17.

Bleichroeder Acquisition Corp. I Profile

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.