DLD Asset Management LP Invests $1.25 Million 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 acquired a new stake in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Continental General Insurance Co. acquired a new stake in shares of Bleichroeder Acquisition Corp. I during the 1st quarter valued at $20,020,000. Westchester Capital Management LLC raised its stake in Bleichroeder Acquisition Corp. I by 22.2% during the 1st quarter. Westchester Capital Management LLC now owns 1,515,000 shares of the company's stock valued at $15,195,000 after purchasing an additional 275,000 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $12,325,000. Saba Capital Management L.P. acquired a new stake in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $12,083,000. Finally, Wolverine Asset Management LLC raised its stake in Bleichroeder Acquisition Corp. I by 408.3% during the 1st 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 during the period.

Bleichroeder Acquisition Corp. I Trading Down 0.1%

Shares of NASDAQ BACQ traded down $0.01 during mid-day trading on Tuesday, reaching $10.34. The company had a trading volume of 3,048 shares, compared to its average volume of 111,410. Bleichroeder Acquisition Corp. I has a twelve month low of $9.80 and a twelve month high of $10.55. The stock's 50 day moving average is $10.36 and its 200-day moving average is $10.21.

Wall Street Analysts Forecast Growth

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

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.