Schedule 13G/A: Continental Group Reports 602,789 BACQU Shares

Rhea-AI Filing Summary

Reporting persons disclose beneficial ownership of 602,789 Class A ordinary shares, about 2.4% of the class based on 25,425,000 shares plus 200,000 underlying Rights. Continental General Insurance Co. (CGIC) is reported to beneficially own 402,789 shares, which include 200,000 shares issuable upon exercise of rights that convert at one‑tenth of a share per Right upon the issuer's initial business combination. Continental Insurance Group, Ltd., Continental General Holdings LLC and Michael Gorzynski are disclosed as potentially beneficial owners by virtue of ownership and managerial relationships. The filing shows 0 sole voting and dispositive power and 602,789 shared voting and dispositive power.

Positive

• Clear, itemized disclosure of beneficial ownership totaling 602,789 shares (~2.4%)
• Identification of contingent shares (200,000 shares issuable upon exercise of Rights) and explanation of ownership relationships

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine disclosure of a sub‑5% stake; ownership structure and contingent shares are clearly reported.

The Schedule 13G/A records a non‑control position of 602,789 shares (~2.4%) in Bleichroeder Acquisition Corp. I, with CGIC directly holding 402,789 shares including 200,000 shares tied to Rights exercisable into one‑tenth of a share per Right upon an initial business combination. The filing documents the chain of beneficial ownership through parent and holding entities and reports shared voting/dispositive power only. For investors, this is a transparency update rather than an indication of control or a change in corporate governance.

Corporate Governance Expert

TL;DR: Disclosure clarifies beneficial ownership and voting arrangements; no sole control asserted.

The statement identifies reporting persons and specifies that sole voting and dispositive powers are zero while shared voting and dispositive powers total 602,789 shares. It also explains why CIG, CGH and Mr. Gorzynski may be deemed beneficial owners based on ownership/manager roles. The inclusion of the 200,000 contingent shares arising from Rights is material to the arithmetic of percentage ownership but does not, in this filing, reflect any asserted intent to influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Bleichroeder Acquisition Corp. I

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G1169T104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G1169T104

1

Names of Reporting Persons

CONTINENTAL GENERAL INSURANCE CO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 602,789.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 602,789.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

602,789.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G1169T104

1

Names of Reporting Persons

Continental Insurance Group, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 602,789.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 602,789.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

602,789.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G1169T104

1

Names of Reporting Persons

Continental General Holdings LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MICHIGAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 602,789.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 602,789.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

602,789.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G1169T104

1

Names of Reporting Persons

Gorzynski Michael

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 602,789.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 602,789.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

602,789.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bleichroeder Acquisition Corp. I
(b)	Address of issuer's principal executive offices: 1345 AVENUE OF THE AMERICAS, 47TH FL, NEW YORK, NEW YORK 10105
Item 2.
(a)	Name of person filing: The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Continental General Insurance Company ("CGIC"), Continental Insurance Group, Ltd. ("CIG"), Continental General Holdings LLC ("CGH"), and Michael Gorzynski ("Mr. Gorzynski").
(b)	Address or principal business office or, if none, residence: The address of the principal office for Mr. Gorzynski is 595 Madison Avenue, 30th Floor, New York, NY 10022. The principal business address for each of CGIC, CIG and CGH is 11001 Lakeline Blvd., Ste. 120, Austin, TX 78717.
(c)	Citizenship: CGH is a Michigan limited liability company. CIG is a Delaware corporation. CGIC is a Texas domiciled life and health insurance company. Mr. Gorzynski is a citizen of the United States and Poland.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G1169T104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of the close of business on June 30, 2025: (i) CGIC beneficially owned 402,789 Class A ordinary shares, par value $0.0001 per share, of the Issuer (the "Shares"), including 200,000 Shares issuable upon the exercise of certain rights (the "Rights") to receive one-tenth (1/10) of a Share per Right upon the Issuer's consummation of an initial business combination. (ii) As the sole owner of CGIC, CIG may be deemed to beneficially own the 602,789 Shares beneficially owned by CGIC. (iii) As the sole owner of CIG, CGH may be deemed to beneficially own the 602,789 Shares beneficially owned by CGIC. (iv) As Manager of CGH, Mr. Gorzynski may be deemed to beneficially own the 602,789 Shares beneficially owned by CGIC.
(b)	Percent of class: The following percentages are based on 25,425,000 Shares outstanding as of May 1, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 1, 2025, plus the 200,000 Shares underlying the Rights. As of the close of business on June 30, 2025: (i) CGIC may be deemed to own approximately 2.4% of the outstanding Shares; (ii) CIG may be deemed to beneficially own approximately 2.4% of the outstanding Shares; (iii) CGH may be deemed to beneficially own approximately 2.4% of the outstanding Shares; and (iv) Mr. Gorzynski may be deemed to beneficially own approximately 2.4% of the outstanding Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission on January 10, 2025.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CONTINENTAL GENERAL INSURANCE CO

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski, Executive Chairman
Date:	08/13/2025

Continental Insurance Group, Ltd.

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski, Chairman & President
Date:	08/13/2025

Continental General Holdings LLC

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski, Manager
Date:	08/13/2025

Gorzynski Michael

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski
Date:	08/13/2025

FAQ

How many BACQU shares do the reporting persons beneficially own?

602,789 shares, representing approximately 2.4% of the class

How many shares does Continental General Insurance Co. (CGIC) beneficially own in BACQU?

402,789 shares, which include 200,000 shares issuable upon exercise of Rights convertible at one‑tenth of a share per Right

Who are the reporting persons named in the Schedule 13G/A for BACQU?

Continental General Insurance Co., Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski

What voting and dispositive powers are reported by the filers for BACQU shares?

0 sole voting power and 0 sole dispositive power; 602,789 shared voting power and 602,789 shared dispositive power

What basis is used to calculate the reported percentage ownership in BACQU?

The percentage is stated as approximately 2.4% based on 25,425,000 shares outstanding and the 200,000 shares underlying the Rights