SPAC Bleichroeder Acquisition II prices $250 million IPO, targeting technology
IPO Overview
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.
About the Company
We are a special purpose acquisition company incorporated on August 27, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus our efforts on North American and European businesses in disruptive growth sectors. Disruptive growth sectors may include companies within sectors that are being transformed via technology adoption, where we believe our management team’s operational and investment expertise will provide us with a competitive advantage. We believe that we are in the midst of a new wave of transformational change as technology continues to evolve to serve an increasingly digital world. This provides a wide range of potential targets including not only traditional technology companies, but also companies that are in the midst of a technology-driven technological evolution, including adoption of artificial intelligence （“AI”） capabilities, continued mobile and digitalization across vast swaths of the economy, ‘digital-trust’ technologies, and widespread adoption of cloud computing and other solutions.