Bleichroeder Acquisition Corp. I Files Q3 2024 10-Q

TL;DR

BAC I filed its Q3 10-Q. No major news, just standard reporting.

AI Summary

Bleichroeder Acquisition Corp. I filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, incorporated in the Cayman Islands, is a blank check company with its principal executive offices located at 1345 Avenue of the Americas, New York, NY. The filing was made on December 9, 2024, under SEC file number 001-42392.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of Bleichroeder Acquisition Corp. I for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a SPAC with no immediately apparent significant financial events or changes disclosed.

Key Players & Entities

• Bleichroeder Acquisition Corp. I (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• December 9, 2024 (date) — Filing date
• 001-42392 (other) — SEC File Number
• Cayman Islands (location) — Jurisdiction of incorporation
• 1345 Avenue of the Americas, New York, NY (location) — Business address

FAQ

Key Financial Figures

• $0.0001 — LLC Class A ordinary shares, par value $0.0001 per share BACQ The Nasdaq Stock Market
• $750,000 — y note in the principal amount of up to $750,000 issued to our Sponsor on June 25, 2024;
• $250,000,000 — sed trust account in which an amount of $250,000,000 from the net proceeds of the sale of th

Filing Documents

• ea0223297-10q_bleich1.htm (10-Q) — 378KB
• ea022329701ex31-1_bleich1.htm (EX-31.1) — 12KB
• ea022329701ex31-2_bleich1.htm (EX-31.2) — 12KB
• ea022329701ex32-1_bleich1.htm (EX-32.1) — 5KB
• ea022329701ex32-2_bleich1.htm (EX-32.2) — 5KB
• 0001213900-24-106929.txt ( ) — 2668KB
• bacqu-20240930.xsd (EX-101.SCH) — 24KB
• bacqu-20240930_cal.xml (EX-101.CAL) — 10KB
• bacqu-20240930_def.xml (EX-101.DEF) — 169KB
• bacqu-20240930_lab.xml (EX-101.LAB) — 189KB
• bacqu-20240930_pre.xml (EX-101.PRE) — 158KB
• ea0223297-10q_bleich1_htm.xml (XML) — 191KB

Financial Information

Part I. Financial Information 1

Interim Financial Statements

Item 1. Interim Financial Statements 1 Condensed Balance Sheet as of September 30, 2024 (Unaudited) 1 Condensed Statements of Operations for the Three Months Ended September 30, 2024 and for the Period from June 24, 2024 (Inception) Through September 30, 2024 (Unaudited) 2 Condensed Statements of Changes in Shareholder's Deficit for the Three Months Ended September 30, 2024 and for the Period from June 24, 2024 (Inception) Through September 30, 2024 (Unaudited) 3 Condensed Statement of Cash Flows for the Period from June 24, 2024 (Inception) Through September 30, 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13

Quantitative and Qualitative Disclosures Regarding Market Risk

Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 15

Controls and Procedures

Item 4. Controls and Procedures 15

Other Information

Part II. Other Information 16

Legal Proceedings

Item 1. Legal Proceedings 16

Risk Factors

Item 1A. Risk Factors 16

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 16

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 16

Other Information

Item 5. Other Information 17

Exhibits

Item 6. Exhibits 17

Signatures

Part III. Signatures 18 i Unless otherwise stated in this Report (as defined below), or the context otherwise requires, references to: "2024 SPAC Rules" are to the new rules and regulations for SPACs (as defined below) adopted by the SEC on January 24, 2024, which became effective on July 1, 2024; "Amended and Restated Memorandum" are to our Amended and Restated Memorandum and Articles of Association, as amended and currently in effect; "ASC" are to the FASB (as defined below) Accounting Standards Codification; "ASU" are to the FASB Accounting Standards Update; "Board of Directors" or "Board" are to our board of directors; "Business Combination" are to a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses; "Class A Ordinary Shares" are to our Class A ordinary shares, par value $0.0001 per share; "Class B Ordinary Shares" are to our Class B ordinary shares, par value $0.0001 per share; "Combination Period" are to the 24-month period, from the closing of the Initial Public Offering to November 4, 2026 (or such earlier date as determined by the Board), that we have to consummate an initial Business Combination; provided that the Combination Period may be extended pursuant to an amendment to the Amended and Restated Memorandum and consistent with applicable laws, regulations and stock exchange rules; "Company," "our," "we" or "us" are to Bleichroeder Acquisition Corp. I, a Cayman Islands exempted company; "Continental" are to Continental Stock Transfer & Trust Company, trustee of our Trust Account (as defined below) and rights agent of our Public Rights (as defined below); "Exchange Act" are to the Securities Exchange Act of 1934, as amended; "FASB" are to the Financial Accounting Standards Board; "Founder Shares" are to the Class B Ordinary Shares initially purchased by our Sponsor prior to the Initial Public Offering and the Class A Ordinary Shar

View Full Filing

View this 10-Q filing on SEC EDGAR