Bleichroeder moves to end SEC reporting duties
Bleichroeder Acquisition Corp. II (BBCQ) has filed a Form 15 to terminate the registration of certain securities under Section 12(g) of the Exchange Act and to suspend its duty to file reports under Sections 13 and 15(d).
Rhea-AI Filing Summary
Bleichroeder Acquisition Corp. II (BBCQ) has filed a Form 15 to terminate the registration of certain securities under Section 12(g) of the Exchange Act and to suspend its duty to file reports under Sections 13 and 15(d). The affected securities are the units (each consisting of one Class A ordinary share and one-third of one redeemable warrant), the Class A ordinary shares, and the redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Pasqal Holding SA, as successor by merger to Bleichroeder Acquisition Corp. II, authorized the filing, which was signed by Chief Executive Officer Dr. Wasiq Bokhari.
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Key Figures
Warrant exercise price: $11.50 per share
Par value of Class A ordinary shares: $0.0001 per share
Form 15 date: September 8, 2026
3 metrics
Warrant exercise price
$11.50 per share
Each whole redeemable warrant exercisable for one Class A ordinary share
Par value of Class A ordinary shares
$0.0001 per share
Par value of BBCQ Class A ordinary shares covered by Form 15
Form 15 date
September 8, 2026
Date the certification/notice was signed by the Chief Executive Officer
Key Terms
Form 15, Section 12(g), Section 13, Section 15(d), +2 more
6 terms
Form 15 regulatory
"CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g)"
A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.
Section 12(g) regulatory
"TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT"
Section 12(g) is a rule that requires companies to register with the government and share their financial details when they have a certain number of shareholders or assets. It matters because it makes these companies more transparent, helping investors make informed decisions and keeping the markets fair.
Section 13 regulatory
"SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)"
Section 13 of the U.S. Securities Exchange Act requires public companies and large shareholders to disclose important ownership and reporting information to the market, including regular financial reports and filings when someone builds a significant stake. For investors it acts like a public checkbook and alert system: it provides verified updates on a company’s health and who controls it, helping buyers judge risk, spot takeover activity, and make informed decisions.
Section 15(d) regulatory
"SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)"
Section 15(d) is a U.S. securities law rule that can require a company to keep filing regular public financial reports with regulators after it sells stock in certain offerings, even if it otherwise would stop reporting. Think of it like a store that must continue posting its receipts so buyers can check its health; for investors, it preserves ongoing disclosure and helps them track a company’s finances and risks that might affect the stock.
redeemable warrant financial
"one-third of one redeemable warrant Class A ordinary shares"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
successor by merger financial
"Pasqal Holding SA, as successor by merger"
FAQ
What action is Bleichroeder Acquisition Corp. II (BBCQ) taking in this Form 15 filing?
Bleichroeder Acquisition Corp. II is filing Form 15 to terminate the registration of its units, Class A ordinary shares and redeemable warrants under Section 12(g) and to suspend its duty to file periodic reports under Sections 13 and 15(d) of the Exchange Act.
Which BBCQ securities are covered by this Form 15?
The Form 15 covers BBCQ’s units (each consisting of one Class A ordinary share and one-third of one redeemable warrant), the Class A ordinary shares with par value $0.0001 per share, and the redeemable warrants, each whole warrant exercisable for one Class A ordinary share at $11.50 per share.
Does Bleichroeder Acquisition Corp. II have other classes of securities still subject to reporting?
No. The Form 15 indicates “None” for titles of all other classes of securities for which a duty to file reports under Section 13(a) or 15(d) remains, meaning there are no other classes still subject to those reporting obligations.
Who signed the Form 15 for BBCQ and in what capacity?
The Form 15 was signed by Dr. Wasiq Bokhari, Chief Executive Officer of Pasqal Holding SA, acting as successor by merger to Bleichroeder Acquisition Corp. II. This indicates Pasqal Holding SA is now the successor entity to BBCQ.
What is the exercise price of the BBCQ redeemable warrants mentioned in the Form 15?
Each whole redeemable warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share. These warrants are among the securities whose registration is being terminated through this Form 15 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
