Meteora Capital Reports 2.49M Shares, 9.79% of BACQU Class A

Rhea-AI Filing Summary

Bleichroeder Acquisition Corp. I received a Schedule 13G reporting that Meteora Capital, LLC and its Managing Member Vik Mittal disclose beneficial ownership of 2,490,200 Class A shares, representing 9.79% of the class. The shares are held by funds and managed accounts for which Meteora Capital serves as investment manager.

The filing shows shared voting and dispositive power over these shares and no sole voting or dispositive power. The reporting persons certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Disclosed material stake of 2,490,200 Class A shares, representing 9.79% of the class
• Holdings disclosed as held in the ordinary course of business, with a certification they were not acquired to change or influence control

Negative

• No sole voting or dispositive power reported — control is shared rather than held outright
• Shares held on behalf of funds and managed accounts, indicating the reporting persons act in a representative capacity rather than as direct individual beneficial owners

Insights

Securities Analyst

TL;DR: A disclosed passive stake of 9.79% is material but the filer reports no intent to change control.

The Schedule 13G shows Meteora Capital (via its funds and managed accounts) holds 2,490,200 Class A shares, equal to 9.79% of the outstanding class. This size exceeds the 5% reporting threshold and is therefore material to holders' ownership profiles. The filing records only shared voting and dispositive power, not sole control, and includes a certification that the position was acquired in the ordinary course and not to influence control. For investors, this is a notable passive stake disclosure rather than an active takeover signal.

Corporate Governance Expert

TL;DR: Ownership concentration increased meaningfully, but governance control remains distributed.

Meteora Capital’s reported 9.79% position is large enough to affect ownership concentration and could make the funds a consequential voice in shareholder matters if they choose to act collectively with others. However, the filing documents shared voting/dispositive authority and an explicit statement that the holdings were not acquired to change control, indicating a passive posture. The absence of sole voting or dispositive power limits immediate governance control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Bleichroeder Acquisition Corp. I

(Name of Issuer)

Class A common stock, 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

Meteora Capital, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,490,200.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,490,200.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

249,200.00

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)

9.79 %

12

Type of Reporting Person (See Instructions)

IA

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, F1 47, New Yorkm NY 10105
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A common stock, 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: 2490200
(b)	Percent of class: 9.79 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2490200
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2490200
Item 5.	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.
	Not Applicable
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 acquired and are held in the ordinary course of business and 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.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Managing Member
Date:	08/14/2025

FAQ

How many shares of Bleichroeder Acquisition Corp. I (BACQU) does Meteora Capital report owning?

The filing reports 2,490,200 Class A shares beneficially owned.

What percentage of the Class A shares of BACQU does this represent?

The reported position represents 9.79% of the class.

Does Meteora Capital claim sole voting or dispositive power over these BACQU shares?

No. The filing shows 0 sole voting/dispositive power and 2,490,200 shared voting and dispositive power.

Who filed the Schedule 13G for BACQU?

The Schedule 13G was filed by Meteora Capital, LLC and also names Vik Mittal as the Managing Member associated with the holdings.

Did the filer state an intent to influence control of BACQU?

The filer certified the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.