Bleichroeder Acquisition Corp. III’s Quiet Period Set To End on August 17th (NASDAQ:BCCQU)

Bleichroeder Acquisition Corp. III’s (NASDAQ:BCCQU) quiet period is set to end on Monday, August 17th. Bleichroeder Acquisition Corp. III had issued 30,000,000 shares in its public offering on July 7th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen raised Bleichroeder Acquisition Corp. III to a “hold” rating in a research note on Sunday, July 12th.

Bleichroeder Acquisition Corp. III Stock Performance

NASDAQ BCCQU opened at $10.12 on Friday. Bleichroeder Acquisition Corp. III has a twelve month low of $10.04 and a twelve month high of $10.75.

About Bleichroeder Acquisition Corp. III

Bleichroeder Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. As a blank check company, it does not operate a traditional commercial business of its own and instead focuses on identifying and completing an acquisition opportunity.

The company was organized to leverage the experience of its sponsor and management team in evaluating potential transaction targets.