DLD Asset Management LP Makes New Investment in Bleichroeder Acquisition Corp. I $BACQ

Key Points

• DLD Asset Management LP has acquired a new stake in Bleichroeder Acquisition Corp. I valued at approximately $1,248,000, representing around 0.37% of the company's shares.
• Other significant investors like Mirae Asset Global Investments and Gritstone Asset Management LLC have also increased their stakes in Bleichroeder Acquisition Corp. I, highlighting growing institutional interest.
• The stock of Bleichroeder Acquisition Corp. I saw a slight increase of 0.1% recently, with a trading price of $10.39 as of the latest update.

DLD Asset Management LP purchased a new position in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Continental General Insurance Co. acquired a new position in Bleichroeder Acquisition Corp. I during the 1st quarter valued at about $20,020,000. Polar Asset Management Partners Inc. purchased a new position in shares of Bleichroeder Acquisition Corp. I in the fourth quarter worth approximately $12,325,000. Saba Capital Management L.P. purchased a new position in Bleichroeder Acquisition Corp. I during the fourth quarter valued at approximately $12,083,000. Wolverine Asset Management LLC grew its position in Bleichroeder Acquisition Corp. I by 408.3% during the first quarter. Wolverine Asset Management LLC now owns 1,106,088 shares of the company's stock valued at $11,072,000 after purchasing an additional 888,474 shares in the last quarter. Finally, Linden Advisors LP bought a new stake in Bleichroeder Acquisition Corp. I in the first quarter worth approximately $7,522,000.

Bleichroeder Acquisition Corp. I Price Performance

Shares of NASDAQ BACQ traded up $0.01 during mid-day trading on Wednesday, hitting $10.36. The company had a trading volume of 970 shares, compared to its average volume of 110,764. The firm has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $10.22. Bleichroeder Acquisition Corp. I has a one year low of $9.80 and a one year high of $10.55.

Analyst Ratings Changes

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

Bleichroeder Acquisition Corp. I Company 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.