Bleichroeder Acquisition III, a blank check company led by investment veterans targeting technology in North America or Europe, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock, and one-fourth of one warrant to purchase a share, exercisable at $11.50.
Bleichroeder Acquisition III led by Executive Chairman Andrew Gundlach, the Co-CEO of Bleichroeder and Head of Goldiron. He is joined by CEO Marcello Padula, a former Investment Banking VP of BofA Securities and CFO Robert Folino, the COO of Bleichroder. The SPAC intends to target North American and European businesses that are being transformed with technology adoption.
Management's previous SPACs include Bleichroeder Acquisition II (BBCQ; +4% from $10 offer price), which went public in January 2026 and is pending a business combination with quantum computer developer Pasqual, and Bleichroeder Acquisition I, which went public in 2024 and completed its business combination with aerospace firm Merlin (MRLN; -52%) in March 2026.
The New York, NY-based company will trade on the Nasdaq under the symbol BCCQU. Cohen & Company Securities acted as sole bookrunner on the deal.
