Bleichroeder Acquisition II, a blank check company led by investment veterans targeting technology, raised $250 million by offering 25 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Bleichroeder Acquisition II is led by CEO and Chairman Andrew Gundlach, the co-CEO of Bleichroder and the head of Goldiron. He is joined by CFO Robert Folino, the COO of Bleichroder. The SPAC plans to target companies that are in the midst of a technology-driven technological evolution, including digital infrastructure, companies adopting AI, digital-trust technology, cloud computing, robotics, and software development.
Management's previous SPAC, Bleichroeder Acquisition I (BACQ; +8% from $10 offer price) raised $250 million in October 2024, and is pending a combination with autonomous aircraft pilot technology developer Merlin.
Bleichroeder Acquisition II plans to list on the Nasdaq under the symbol BBCQU. Cohen & Company Securities acted as sole bookrunner on the deal.
