Bleichroeder Acquisition Corp III Raises $345M in $10 IPO With 4.5M Over-Allotment
Bleichroeder Acquisition Corp. III raised $345 million by selling 34.5 million units, including a 4.5 million-unit over-allotment, at $10 per unit in its IPO. Units began trading on Nasdaq under ticker BCCQU, each comprising one Class A share and one-quarter warrant exercisable at $11.50, with proceeds held in trust for North American and European acquisitions.
1. IPO Completion
Bleichroeder Acquisition Corp. III closed its initial public offering by selling 34.5 million units, including a full 4.5 million-unit over-allotment, at $10 per unit, resulting in gross proceeds of $345 million.
2. Trading Debut and Warrant Terms
Units began trading on the Nasdaq Global Market under ticker BCCQU on July 7, 2026, with each unit comprising one Class A ordinary share and one-quarter redeemable warrant; each whole warrant entitles the holder to purchase one share at $11.50.
3. Use of Proceeds and SPAC Focus
All net proceeds of $345 million have been placed in a trust account to fund future mergers or acquisitions, with a focus on disruptive growth companies in North America and Europe under the leadership of Co-Founders Michel Combes, Andrew Gundlach, CEO Marcello Padula, and CFO Robert Folino.
