Linden Advisors LP Purchases Shares of 750,000 Bleichroeder Acquisition Corp. I $BACQ

Key Points

• Linden Advisors LP acquired 750,000 shares of Bleichroeder Acquisition Corp. I, valued at approximately $7.5 million, representing about 2.22% ownership as of their latest SEC filing.
• Several hedge funds have recently increased their positions in Bleichroeder Acquisition Corp. I, with notable purchases totaling over $5 million in the first quarter.
• Wall Street analysts have upgraded Bleichroeder Acquisition Corp. I to a "hold" rating, indicating a cautious optimism about the company's future performance.

Linden Advisors LP acquired a new stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 750,000 shares of the company's stock, valued at approximately $7,522,000. Linden Advisors LP owned approximately 2.22% of Bleichroeder Acquisition Corp. I at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Continental General Insurance Co. acquired a new position in Bleichroeder Acquisition Corp. I in the 1st quarter valued at $20,020,000. Westchester Capital Management LLC raised its holdings in Bleichroeder Acquisition Corp. I by 22.2% in the 1st quarter. Westchester Capital Management LLC now owns 1,515,000 shares of the company's stock valued at $15,195,000 after acquiring an additional 275,000 shares in the last quarter. DLD Asset Management LP acquired a new position in Bleichroeder Acquisition Corp. I in the 1st quarter valued at $1,248,000. Mizuho Securities USA LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I during the 1st quarter worth $2,799,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of 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 worth $11,072,000 after buying an additional 888,474 shares in the last quarter.

Analyst Ratings Changes

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

Bleichroeder Acquisition Corp. I Price Performance

BACQ traded down $0.01 on Tuesday, reaching $10.37. The stock had a trading volume of 124,459 shares, compared to its average volume of 118,187. Bleichroeder Acquisition Corp. I has a fifty-two week low of $9.80 and a fifty-two week high of $10.55. The firm has a 50-day moving average of $10.35 and a 200-day moving average of $10.19.

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.