other material
confidence high
sentiment neutral
materiality 0.80
Bleichroeder Acquisition Corp. II closes IPO of 28.75M units at $10.00, raising $287.5M
Bleichroeder Acquisition Corp. II
- Sold 28,750,000 units at $10.00/unit, including full exercise of over-allotment (3.75M units), gross proceeds $287.5M.
- Simultaneously closed private placement of 7.75M warrants at $1.00 each to sponsor and underwriters, raising $7.75M.
- Total $287.5M placed in trust account; units consist of one Class A share plus 1/3 warrant exercisable at $11.50.
- Transaction costs $17.87M including $5M cash underwriting fee and $12.25M deferred underwriting fee.
- Company has 24 months from IPO close to complete an initial business combination (by Jan 9, 2028).