Wolverine Asset Management LLC Acquires 888,474 Shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ)

Key Points

• Wolverine Asset Management LLC increased its stake in Bleichroeder Acquisition Corp. I by 408.3%, acquiring an additional 888,474 shares to reach a total of approximately 1.1 million shares, valued at $11.07 million.
• Several other institutional investors also acquired shares in Bleichroeder Acquisition Corp. I, with new positions totaling over $3 million in recent quarters.
• Bleichroeder Acquisition Corp. I has been upgraded to a "hold" rating by Wall Street Zen, indicating a cautious outlook on the stock's performance.

Wolverine Asset Management LLC grew its holdings in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) by 408.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,088 shares of the company's stock after buying an additional 888,474 shares during the quarter. Wolverine Asset Management LLC owned approximately 3.28% of Bleichroeder Acquisition Corp. I worth $11,072,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $339,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bleichroeder Acquisition Corp. I in the first quarter valued at $609,000. K2 Principal Fund L.P. bought a new position in shares of Bleichroeder Acquisition Corp. I in the fourth quarter valued at $756,000. Spartan Fund Management Inc. bought a new position in shares of Bleichroeder Acquisition Corp. I in the fourth quarter valued at $986,000. Finally, Berkley W R Corp acquired a new position in Bleichroeder Acquisition Corp. I during the fourth quarter worth $986,000.

Analyst Upgrades and Downgrades

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

Bleichroeder Acquisition Corp. I Trading Up 0.1%

Shares of NASDAQ:BACQ opened at $10.35 on Friday. Bleichroeder Acquisition Corp. I has a 52-week low of $9.80 and a 52-week high of $10.47. The company has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $10.13.

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.

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