Ghisallo Capital Management LLC Takes Position in Bleichroeder Acquisition Corp. I $BACQ

Key Points

• Ghisallo Capital Management LLC purchased 500,000 shares of Bleichroeder Acquisition Corp. I, valued at approximately $5,015,000, representing about 1.48% ownership in the company.
• Other significant investors, including Mirae Asset Global Investments and K2 Principal Fund, also made new stakes in Bleichroeder Acquisition Corp. I during the first quarter.
• Bleichroeder Acquisition Corp. I recently had its shares upgraded to a "hold" rating by Wall Street Zen, reflecting potential investor confidence in the company.

Ghisallo Capital Management LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 500,000 shares of the company's stock, valued at approximately $5,015,000. Ghisallo Capital Management LLC owned about 1.48% of Bleichroeder Acquisition Corp. I at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BACQ. Continental General Insurance Co. purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the 1st quarter worth $20,020,000. Hudson Bay Capital Management LP acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $14,790,000. Polar Asset Management Partners Inc. acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $12,325,000. D. E. Shaw & Co. Inc. acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $12,202,000. Finally, Saba Capital Management L.P. acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $12,083,000.

Wall Street Analyst Weigh In

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

Bleichroeder Acquisition Corp. I Stock Performance

Shares of BACQ traded up $0.01 during trading hours on Friday, hitting $10.38. The stock had a trading volume of 1,011 shares, compared to its average volume of 115,966. The firm has a 50-day moving average price of $10.35 and a 200 day moving average price of $10.19. Bleichroeder Acquisition Corp. I has a fifty-two week low of $9.80 and a fifty-two week high of $10.55.

About Bleichroeder Acquisition Corp. I

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.