04:16 AM EDT, 07/15/2024 (MT Newswires) -- Bleichroeder Acquisition I filed for an initial public offering on Friday with the US Securities and Exchange Commission.

The company plans to raise up to $250 million by offering 25 million units at a price of $10 per unit. Each unit consists of one class A ordinary share and one-quarter of a redeemable warrant, exercisable at $11.50 per share.

The blank-check firm also gave the underwriter a 45-day option to buy up to about 3.8 million additional units to cover possible overallotments.

The company said it plans to target businesses in the technology, media and telecommunications sectors, as well as sectors that are being transformed via technology adoption.

Bleichroeder plans to list the units on Nasdaq under the symbol, "BACQU." Once the securities comprising the units begin trading separately, the class A ordinary shares will trade under the symbol, "BACQ."