Continental General’s 2.997M-unit stake in Bleichroeder Acquisition (BCCQU)

Rhea-AI Filing Summary

Continental General Insurance Company and affiliated entities report beneficial ownership of 2,997,000 Units of Bleichroeder Acquisition Corp. III, representing about 8.7% of the outstanding Units based on 34,500,000 Units outstanding as of July 8, 2026.

Each Unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant exercisable for one Class A share at $11.50 per share starting 30 days after the issuer’s Initial Business Combination and expiring five years after that combination. Continental Insurance Group, Continental General Holdings and Michael Gorzynski may be deemed to beneficially own the same Units through ownership and managerial roles, with shared voting and dispositive power over the position.

Key Figures

Units beneficially owned: 2,997,000 Units Ownership percentage: 8.7% Units outstanding: 34,500,000 Units +3 more

6 metrics

Units beneficially owned 2,997,000 Units Units of Bleichroeder Acquisition Corp. III held by Continental General Insurance Company

Ownership percentage 8.7% Approximate percentage of outstanding Units beneficially owned by each reporting person

Units outstanding 34,500,000 Units Total Bleichroeder Acquisition Corp. III Units outstanding as of July 8, 2026

Warrant exercise price $11.50 per Class A Share Exercise price for each whole redeemable warrant included in the Units

Warrant exercisability 30 days after Initial Business Combination Date from which the warrants included in the Units become exercisable

Warrant term Five years after Initial Business Combination Expiration timing of the warrants, subject to earlier redemption or liquidation

Key Terms

beneficially owned, redeemable warrant, Initial Business Combination, dispositive power, +2 more

6 terms

beneficially owned financial

"As of the date hereof: (i) CGIC directly beneficially owned 2,997,000 Units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

redeemable warrant financial

"one Class A ordinary share and one-fourth of one redeemable warrant"

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.

Initial Business Combination financial

"The Warrants will become exercisable 30 days after the completion of the Issuer's initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 2,997,000.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

CUSIP Number financial

"CUSIP Number(s): G1170M122"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

Initial Public Offering financial

"total number of Units outstanding following the closing of the Issuer's Initial Public Offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/14/2026 - 04:11 PM Accepted by SEC EDGAR 07/14/2026 - 04:11 PM Learn about SEC filing dates

FAQ

What stake do Continental General entities report in BCCQU (Bleichroeder Acquisition Corp. III)?

They report beneficial ownership of 2,997,000 Units of BCCQU, equal to approximately 8.7% of the 34,500,000 Units outstanding as of July 8, 2026. The position is held directly by Continental General Insurance Company.

What exactly are the BCCQU Units of Bleichroeder Acquisition Corp. III?

Each BCCQU Unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Accordingly, each Unit is treated as representing beneficial ownership of one Class A share, plus a fractional interest in a redeemable warrant.

At what price can the warrants in BCCQU Units be exercised?

Each whole warrant included in BCCQU Units entitles the holder to purchase one Class A share at $11.50 per share. Investors must hold or aggregate four quarter-warrants to form a whole warrant with this exercise right.

When do the BCCQU warrants become exercisable and when do they expire?

The warrants included in BCCQU Units become exercisable 30 days after completion of the issuer’s Initial Business Combination. They expire five years after that business combination, or earlier upon warrant redemption or issuer liquidation.

Who are the reporting persons associated with the BCCQU ownership disclosure?

The reporting persons are Continental General Insurance Company, Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski. Through ownership and managerial roles, each may be deemed to beneficially own the same 2,997,000 Units.

How is voting and dispositive power over the BCCQU Units held by the reporting group?

For each reporting person, sole voting and dispositive power is 0, while shared voting and shared dispositive power cover 2,997,000 Units. This indicates the position is controlled on a shared basis within the reporting group.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Bleichroeder Acquisition Corp. III

(Name of Issuer)

Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant

(Title of Class of Securities)

G1170M122

(CUSIP Number)

07/07/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G1170M122

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 2,997,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,997,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,997,000.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G1170M122

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 2,997,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,997,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,997,000.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G1170M122

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 2,997,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,997,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,997,000.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): G1170M122

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 2,997,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,997,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,997,000.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bleichroeder Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 1345 AVENUE OF THE AMERICAS, 47TH FL,NEW YORK, NY 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: Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
(e)	CUSIP Number(s): G1170M122
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 date hereof: (i) CGIC directly beneficially owned 2,997,000 Units (the "Units") (each consisting of one Class A ordinary share, par value $0.0001 per share (the "Class A Shares"), and one-fourth of one redeemable warrant of the Issuer (the "Warrants"), with each whole Warrant entitling the holder thereof to purchase one Class A Share for $11.50 per Class A Share). The Warrants will become exercisable 30 days after the completion of the Issuer's initial business combination ("Initial Business Combination") and will expire five years after the completion of the Initial Business Combination, or earlier upon redemption of the Warrants or liquidation of the Issuer. Accordingly, each Unit has been reported herein as representing the beneficial ownership of one Class A Share. (ii) As the sole owner of CGIC, CIG may be deemed to beneficially own the 2,997,000 Units beneficially owned by CGIC. (iii) As the sole owner of CIG, CGH may be deemed to beneficially own the 2,997,000 Units beneficially owned by CGIC. (iv) As Manager of CGH, Mr. Gorzynski may be deemed to beneficially own the 2,997,000 Units beneficially owned by CGIC.
(b)	Percent of class: The following percentages are based on 34,500,000 Units outstanding as of July 8, 2026, which is the total number of Units outstanding following the closing of the Issuer's Initial Public Offering (including the underwriters' full exercise of an option to purchase up to an additional 4,500,000 Units) as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 8, 2026. As of the date hereof: (i) CGIC may be deemed to own approximately 8.7% of the outstanding Units; (ii) CIG may be deemed to beneficially own approximately 8.7% of the outstanding Units; (iii) CGH may be deemed to beneficially own approximately 8.7% of the outstanding Units; and (iv) Mr. Gorzynski may be deemed to beneficially own approximately 8.7% of the outstanding Units.
(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.
	Not Applicable
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)(K), so indicate under Item 3(k) 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.
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:	07/14/2026

Continental Insurance Group, Ltd.

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski, Chairman & President
Date:	07/14/2026

Continental General Holdings LLC

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski, Manager
Date:	07/14/2026

Gorzynski Michael

Signature:	/s/ Michael Gorzynski
Name/Title:	Michael Gorzynski
Date:	07/14/2026

Exhibit Information

99.1 - Joint Filing Agreement, dated July 14, 2026.