Bleichroeder Sponsor 1 LLC - Nov 4, 2024 Form 4 Insider Report for Bleichroeder Acquisition Corp. I (BACQ)

Role
10%+ Owner
Signature
/s/ Michel Combes, Managing Member of Bleichroeder Sponsor 1 LLC
Stock symbol
BACQ
Transactions as of
Nov 4, 2024
Transactions value $
$4,250,000
Form type
4
Date filed
11/6/2024, 04:10 PM
Previous filing
Oct 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BACQ Class A ordinary shares Purchase $4.25M +425K $10.00 425K Nov 4, 2024 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BACQ Class B ordinary shares Other $0 -1.25M -13.04% $0.00 8.33M Nov 4, 2024 Class A ordinary shares 1.25M Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Class A ordinary shares were acquired by Bleichroeder Sponsor 1 LLC (the "Sponsor") pursuant to a private placement units purchase agreement, dated October 31, 2024, by and between the Sponsor and Bleichroeder Acquisition Corp. I (the "Issuer"). Each unit consists of one Class A ordinary shares and one right to receive one-tenth (1/10) of one Class A ordinary share
F2 As described in the Issuer's registration statement on Form S-1 (File No. 333-280777) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
F3 As contemplated in connection with the initial public offering of the Issuer, 1,250,000 Class B ordinary shares were surrendered by the Sponsor to the Issuer for no consideration and cancelled because the underwriters' over-allotment option will not be exercised by the underwriters.
F4 The Sponsor is the record holder of the shares reported herein. MC Advisory L.L.C-FZ, an entity formed in Dubai (of which Michel Combes, one of the Issuer's Co-Founders, is the manager), as well as Andrew Gundlach, the Chief Executive Officer of the Issuer, are the managing members of the Sponsor and hold voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, each of Mr. Combes and Mr. Gundlach may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each of Mr. Combes and Mr. Gundlach disclaims any beneficial ownership of the securities held of record by the Sponsor other than to the extent of any pecuniary interest they may have therein, directly or indirectly.