Bleichroeder SPAC II Raises $287.5M to Hunt for Tech Disruptors

NEW YORK, NY – January 09, 2026 – In a significant show of confidence for the special purpose acquisition company (SPAC) market, Bleichroeder Acquisition Corp. II announced today the closing of its upsized $287.5 million initial public offering. The successful IPO, which included the full exercise of the underwriters' over-allotment option, equips the blank-check firm with substantial capital to pursue a merger with a high-growth private company.

The company’s units began trading on the Nasdaq Global Market on January 8 under the ticker symbol “BBCQU.” Priced at $10.00 per unit, each consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the holder to purchase a share at $11.50.

A Signal in a Recovering Market

The nearly $300 million raise by Bleichroeder Acquisition Corp. II is a noteworthy event in a financial landscape that has seen the SPAC market undergo a dramatic cycle of boom, bust, and now, a cautious resurgence. After a period of intense scrutiny and poor post-merger performance, investor appetite is returning, albeit with a much greater emphasis on quality and experience. The market saw a significant rebound in 2025 with 144 SPAC IPOs raising over $30 billion, a stark increase from the 57 IPOs that raised less than $10 billion in 2024. Bleichroeder's successful offering early in 2026 suggests this trend of selective optimism is continuing.

This capital injection places the company in a strong position to negotiate a business combination. The gross proceeds, amounting to $10.00 per unit sold, have been placed into a trust account, a standard SPAC feature designed to protect shareholder capital until a deal is finalized or the company liquidates. The structure signals to potential target companies that the capital is secure and ready for deployment.

Leading the offering were Cohen & Company Capital Markets as the Lead Book-Running Manager and Clear Street as Co-Manager. The involvement of Cohen & Company is particularly notable; the firm has established itself as a dominant force in the SPAC ecosystem, ranking as a top advisor for de-SPAC transactions in 2023. Their expertise provides an additional layer of credibility and strategic guidance as the SPAC embarks on its search.

The Leadership Factor: A Team of Turnaround Artists

For investors and potential merger targets, the true value of a SPAC often lies in its management team. Bleichroeder Acquisition Corp. II is helmed by a group of seasoned executives with deep experience in technology, telecommunications, and finance. This is the second SPAC from the sponsorship group, following Bleichroeder Acquisition Corp. I (which was renamed Inflection Point Acquisition Corp. IV), indicating a “serial sponsor” strategy that has become increasingly favored in the current market.

Co-Founder Michel Combes brings a formidable track record of leading major corporate transformations in the global telecom industry. His career includes CEO roles at Alcatel-Lucent, where he orchestrated its merger with Nokia, and at Sprint, where he guided the company through its monumental merger with T-Mobile US. His more recent roles as CEO of SoftBank Group International and his current position as Executive Chairman of fiber broadband provider Brightspeed underscore a career focused on navigating complex technological shifts and large-scale M&A. His expertise points toward a deep understanding of digital infrastructure and corporate value creation.

Co-Founder Andrew Gundlach, President and Co-CEO at Bleichroeder and a veteran of JP Morgan and Morgan Stanley, provides extensive expertise in investment, capital markets, and SPAC execution. Gundlach also leads Inflection Point Acquisition Corp. IV (ticker: BACQ), the first SPAC from the team, which raised $250 million in late 2024 and is currently pending a combination with Merlin, a developer of autonomous aircraft pilot technology. This prior experience and existing deal in the advanced technology sector provide a clear blueprint for the new SPAC's likely strategy and focus.

The board is further strengthened by the expected inclusion of Kathy Savitt and Antoine Theysset, alongside a core executive team including Robert Folino as CFO and Marcello Padula as COO, who bring additional operational and financial acumen to the venture.

A Focused Hunt for Disruption

While the company’s mandate allows it to pursue an acquisition in any industry, its prospectus clearly outlines a primary focus on North American and European businesses in “disruptive growth sectors,” particularly those being transformed by technology. This aligns perfectly with the expertise of its leadership and the prevailing investment trends of 2026.

The search is likely to center on sectors where technology is not just an enabler but a fundamental driver of the business model. Based on current market dynamics and the management's background, potential target areas could include:

• Digital Infrastructure: Companies involved in cloud computing, data centers, 6G connectivity, and the underlying hardware and software that power the digital economy.
• Artificial Intelligence (AI) Adoption: Businesses that are embedding practical AI applications into core enterprise systems, from logistics and finance to healthcare and advanced manufacturing.
• Digital-Trust and Cybersecurity: As digital transformation accelerates, companies providing solutions for data security, preemptive cybersecurity, and digital provenance are in high demand.
• Advanced Robotics and Automation: The integration of physical AI and robotics into industrial and commercial processes remains a high-growth field.

Unlike the speculative frenzy of the past, the current market favors companies with proven business models, clear paths to profitability, and tangible technological advantages. The Bleichroeder team's operational and turnaround experience suggests they will be looking for a mature, yet disruptive, company that is ready for the public markets but can benefit from their strategic guidance to accelerate growth. With its war chest full and its leadership's track record established, Bleichroeder Acquisition Corp. II now begins the crucial phase of identifying the transformative company it will bring to the public markets.