Bleichroeder Acquisition Corp. I (NASDAQ:BACQU) Stock Price Up 3.9% – Here’s What Happened

Bleichroeder Acquisition Corp. I (NASDAQ:BACQUGet Free Report)’s share price was up 3.9% on Monday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 135 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 445 shares. The stock had previously closed at $11.55.

Bleichroeder Acquisition Corp. I Stock Performance

The stock has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $11.36.

About Bleichroeder Acquisition Corp. I

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Bleichroeder Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker BACQU. Established in 2021, the firm has no commercial operations of its own and was formed solely to effect a merger, capital stock exchange, asset acquisition or other business combination with one or more target companies. Upon completing a qualifying transaction, it will cease to be a SPAC and transition into an operating public company.

The company’s primary activity is sourcing, evaluating and consummating combination opportunities in the financial services, fintech and related technology sectors.

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