Readystate Asset Management LP Purchases Shares of 88,200 Bleichroeder Acquisition Corp. I $BACQ

Readystate Asset Management LP acquired a new position in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 88,200 shares of the company’s stock, valued at approximately $916,000.

A number of other large investors also recently modified their holdings of BACQ. Clear Street LLC boosted its position in shares of Bleichroeder Acquisition Corp. I by 21,750.7% during the second quarter. Clear Street LLC now owns 50,038 shares of the company’s stock valued at $516,000 after buying an additional 49,809 shares during the last quarter. BCK Capital Management LP bought a new position in Bleichroeder Acquisition Corp. I during the 2nd quarter valued at $1,031,000. Radcliffe Capital Management L.P. bought a new position in Bleichroeder Acquisition Corp. I during the 2nd quarter valued at $1,292,000. Wealthspring Capital LLC purchased a new position in Bleichroeder Acquisition Corp. I during the 2nd quarter worth $1,810,000. Finally, Magnetar Financial LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I in the 2nd quarter worth $3,102,000.

Bleichroeder Acquisition Corp. I Stock Performance

Shares of Bleichroeder Acquisition Corp. I stock opened at $10.54 on Thursday. The business’s fifty day simple moving average is $10.70 and its 200 day simple moving average is $10.67. Bleichroeder Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $13.21.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.