This is a routine Form 3 filing for a newly formed SPAC ahead of its IPO. No trading signal. Monitor for the S-1 effectiveness and IPO pricing to assess the sponsor's cost basis and potential dilution from the over-allotment forfeiture mechanism.
Price Chart
Executive Summary
Bleichroeder Acquisition Corp. III (BCCQ), a blank-check SPAC, filed initial statements of beneficial ownership (Form 3) for its sponsor and two managing members. The filings disclose that Bleichroeder Sponsor 3 LLC holds 11,500,000 Class B ordinary shares (founder shares), with up to 1,500,000 shares subject to forfeiture if the IPO underwriters' over-allotment is not fully exercised. Michel Combes and Andrew Gundlach, as managing members of the sponsor, are deemed beneficial owners of these shares. This is a routine administrative filing required upon the SPAC's formation and IPO registration — it confirms insider ownership structure but provides no new trading signal.
Key Facts
- Bleichroeder Sponsor 3 LLC holds 11,500,000 Class B ordinary shares (founder shares) in BCCQ.
- Up to 1,500,000 of the Class B shares are subject to forfeiture if the IPO underwriters' over-allotment option is not fully exercised.
- Class B shares convert 1:1 into Class A ordinary shares upon a business combination or earlier at holder's option.
- Michel Combes and Andrew Gundlach are managing members of the Sponsor and deemed beneficial owners of the shares.
- The filing references a registration statement on Form S-1 (File No. 333-296923) for the IPO.
Financial Impact
No financial impact — this is a routine initial beneficial ownership filing for a newly formed SPAC. The sponsor holds 11,500,000 Class B founder shares, with up to 1,500,000 subject to forfeiture depending on IPO over-allotment exercise.
Risk Factors
- SPAC has not yet completed its IPO — no public trading history or business combination target identified.
- Up to 1,500,000 founder shares are subject to forfeiture if the IPO over-allotment is not fully exercised, which could reduce sponsor alignment.
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (BCCQ) — Batch item 1 | 0001213900-26-075706 |
| Document: 0001213900-26-075706-index.html | 0001213900-26-075706 |
| Document: 0001213900-26-075706.txt | 0001213900-26-075706 |
| 3 Filing (BCCQ) — Batch item 4 | 0001213900-26-075706 |
| Document: 0001213900-26-075706-index.html | 0001213900-26-075706 |
| Document: 0001213900-26-075706.txt | 0001213900-26-075706 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 425 | $9.95 $9.94 | ▼ −0.10% | ▼ −0.04% | $9.91 (−0.40%) |
Sep 16, 2026 5w ago | 425 | $9.97 $9.97 | · 0.00% | ▼ −1.13% | $9.91 (−0.60%) |
Sep 2, 2026 7w ago | 425 | $10.01 $9.99 | ▼ −0.20% | ▲ +0.19% | $9.91 (−1.00%) |
Aug 31, 2026 8w ago | 425 | $10.04 $10.04 | · 0.00% | ▲ +0.69% | $9.91 (−1.29%) |
Aug 31, 2026 8w ago | 425 | $10.04 $10.04 | · 0.00% | ▲ +0.69% | $9.91 (−1.29%) |
Aug 31, 2026 8w ago | 425 | $10.04 $10.04 | · 0.00% | ▲ +0.69% | $9.91 (−1.29%) |
Aug 31, 2026 8w ago | 425 | $10.04 $10.04 | · 0.00% | ▲ +0.69% | $9.91 (−1.29%) |
Aug 25, 2026 8w ago | 425 | $10.04 $10.06 | ▲ +0.25% | ▼ −0.41% | $9.91 (−1.25%) |
Aug 25, 2026 9w ago | 425 | $10.01 $10.04 | ▲ +0.25% | ▲ +0.23% | $9.91 (−1.00%) |
Aug 25, 2026 9w ago | 8-K | $10.01 $10.04 | ▲ +0.25% | ▲ +0.23% | $9.91 (−1.00%) |
US Market Status
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