88,200 Shares in Bleichroeder Acquisition Corp. I $BACQ Acquired by Readystate Asset Management LP

Readystate Asset Management LP bought a new stake in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,200 shares of the company’s stock, valued at approximately $916,000. Readystate Asset Management LP owned about 0.26% of Bleichroeder Acquisition Corp. I at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clear Street LLC boosted its stake in shares of Bleichroeder Acquisition Corp. I by 21,750.7% in the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock valued at $516,000 after purchasing an additional 49,809 shares during the last quarter. BCK Capital Management LP bought a new position in shares of Bleichroeder Acquisition Corp. I in the 2nd quarter worth about $1,031,000. Radcliffe Capital Management L.P. acquired a new position in shares of Bleichroeder Acquisition Corp. I in the 2nd quarter valued at about $1,292,000. Wealthspring Capital LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at about $1,810,000. Finally, Magnetar Financial LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at about $3,102,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bleichroeder Acquisition Corp. I currently has an average rating of “Sell”.

Bleichroeder Acquisition Corp. I Price Performance

Shares of NASDAQ:BACQ opened at $10.54 on Thursday. Bleichroeder Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $13.21. The stock’s 50 day moving average is $10.70 and its 200-day moving average is $10.67.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.00 earnings per share (EPS) for the quarter.

About Bleichroeder Acquisition Corp. I

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.