Bleichroeder Acquisition Corp. II

closedU=S+W/3W=S@11.50
BBCQSEC EDGARCIK: 0002088295|Bleichroeder Sponsor 2 LLC

Capital Structure & Economics

Trust Size$250,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

33% Warrant Inclusion
Public Trust Allocation$250,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedOct 15, 2025
Target AnnouncedFeb 28, 2026
Maturation Wall
Jan 9, 2028

Announced Target / M&A

  • Target CompanyPasqal Holding SAS
  • Announcement Date2026-02-28

Board & Officers

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction