Wall Street Zen upgraded shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) to a hold rating in a research note published on Friday morning.
Bleichroeder Acquisition Corp. I Trading Down 0.1%
Shares of BACQ traded down $0.01 during midday trading on Friday, hitting $10.33. 175 shares of the company's stock traded hands, compared to its average volume of 91,704. Bleichroeder Acquisition Corp. I has a 1 year low of $9.80 and a 1 year high of $10.45. The company's fifty day moving average is $10.21.
Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rangeley Capital LLC purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at $119,000. ATW Spac Management LLC acquired a new position in Bleichroeder Acquisition Corp. I during the fourth quarter valued at $339,000. Boothbay Fund Management LLC purchased a new stake in Bleichroeder Acquisition Corp. I in the fourth quarter valued at $339,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bleichroeder Acquisition Corp. I in the first quarter valued at $609,000. Finally, K2 Principal Fund L.P. acquired a new stake in Bleichroeder Acquisition Corp. I during the 4th quarter worth about $756,000.
About Bleichroeder Acquisition Corp. I
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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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