JPMorgan Chase & Co. Invests $5.30 Million in Bleichroeder Acquisition Corp. I $BACQ

JPMorgan Chase & Co. purchased a new stake in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 509,829 shares of the company’s stock, valued at approximately $5,297,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BACQ. Meteora Capital LLC bought a new position in Bleichroeder Acquisition Corp. I in the 2nd quarter worth approximately $25,674,000. Radcliffe Capital Management L.P. lifted its holdings in Bleichroeder Acquisition Corp. I by 628.0% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock worth $9,487,000 after buying an additional 786,939 shares in the last quarter. Moore Capital Management LP bought a new position in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at $7,748,000. Berkley W R Corp boosted its position in Bleichroeder Acquisition Corp. I by 121.3% in the 2nd quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock valued at $12,486,000 after buying an additional 663,884 shares during the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter valued at $5,440,000.

Bleichroeder Acquisition Corp. I Stock Performance

Shares of NASDAQ BACQ opened at $7.85 on Thursday. The company’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $10.39. Bleichroeder Acquisition Corp. I has a fifty-two week low of $7.35 and a fifty-two week high of $13.21.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last released its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter.

Analyst Upgrades and Downgrades

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

Bleichroeder Acquisition Corp. I Profile

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.