Mizuho Securities USA LLC Takes Position in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ)

Key Points

• Mizuho Securities USA LLC acquired 281,277 shares of Bleichroeder Acquisition Corp. I, valued at approximately $2.8 million, representing about 0.83% ownership as of the end of the most recent reporting period.
• Several other institutional investors, including Boothbay Fund Management LLC and Mirae Asset Global Investments, also made new stakes in Bleichroeder Acquisition Corp. I during the 4th quarter and 1st quarter, totaling several million dollars in investments.
• Analyst ratings for Bleichroeder Acquisition Corp. I changed, with Wall Street Zen upgrading the stock to a "hold" rating as of June 27th.

Mizuho Securities USA LLC purchased a new position 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 (SEC). The firm purchased 281,277 shares of the company's stock, valued at approximately $2,799,000. Mizuho Securities USA LLC owned approximately 0.83% of Bleichroeder Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. AQR Arbitrage LLC acquired a new position in Bleichroeder Acquisition Corp. I in the fourth quarter valued at approximately $18,917,000. Hudson Bay Capital Management LP purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the fourth quarter worth approximately $14,790,000. Polar Asset Management Partners Inc. purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $12,325,000. Westchester Capital Management LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth $12,226,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth $12,202,000.

Bleichroeder Acquisition Corp. I Price Performance

Shares of NASDAQ BACQ traded up $0.02 on Friday, hitting $10.43. The company had a trading volume of 49,230 shares, compared to its average volume of 124,484. Bleichroeder Acquisition Corp. I has a 12-month low of $9.80 and a 12-month high of $10.55. The business has a 50 day moving average of $10.34 and a two-hundred day moving average of $10.14.

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 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.