Bleichroeder Acquisition Corp. I closes $250M IPO; $250M placed in trust

Merlin, Inc.

IPO of 25M units at $10/unit raised $250M gross; each unit includes one Class A share and one right.
Private placement of 425K units to sponsor at $10/unit raised $4.25M; total trust deposit $250M.
Audited balance sheet as of Nov 4 shows $250M in trust, $2.17M cash, $7.27M accumulated deficit.
SPAC must complete business combination within 24 months or redeem public shares at $10 per share.

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