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BACQ • CIK 0002028707
Overview We are a blank check company incorporated as a Cayman Islands exempted corporation on June 24, 2024. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Inflection Point has neither engaged in any operations nor generated any operating revenues to date. The Initial Public Offering On June 25, 2024, Bleichroeder Sponsor 1 LLC (the “ Sponsor ”) made a capital contribution of $25,000, or approximately $0.004 per share, to cover certain of our deferred offering costs and expenses, for which the Company issued 7,187,500 Class B ordinary shares, par value $0.001 per share (the “ Class B Ordinary Shares ”) to the Sponsor. On October 2, 2024, we capitalized $239.58 standing to the credit of our share premium account and issued an additional 2,395,833 Founder Shares to the Sponsor, resulting in the Sponsor holding an aggregate of 9,583,333 Founder Shares (up to 1,250,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised), for a purchase price of approximately $0.003 per share. On November 4, 2024, the underwriters forfeited their over-allotment option to purchase up to an additional 3,750,000 units. As a result of the over-allotment option forfeiture by the underwriters, 1,250,000 Class B Ordinary Shares were surrendered by the Sponsor in order for the Sponsor to maintain ownership of 25% of the issued and outstanding shares of the Company (excluding the Class A Ordinary Shares underlying the Private Placement Units held by the Sponsor (each as defined below)). Such surrendered shares were cancelled by the Company. The registration statement for the initial public offering (the “ IPO ”) was declared effective on October 31, 2024. On November 4, 2024, we consummated the IPO of 25,000,000 units the (“ Units ”) at $10.00 per unit, generating gross proceeds of $250,000,000. Each Unit consists of one Class A ordinary share, par value $0.0001 per share (the “ Class A Ordinary Shares ”, together with the Class B Ordinary Shares, the “ Ordinary Shares ”, and the Class A Ordinary Shares sold as part of the Units in the IPO, the “ Public Shares ”) and one right, with each right entitling the holder thereof to purchase one-tenth of one Class A Ordinary Share at the consummation of our initial business combination (the “ Rights ” and the Rights sold as part of the Units in the IPO, the “ Public Rights ”). Simultaneously with the sale of the 25,000,000 Units in our IPO, we completed the private sale of an aggregate of 425,000 Units to the Sponsor at a purchase price of $10.00 per Unit (the “ Private Placement Units ”), generating gross proceeds of $4,250,000. The Private Placement Units are identical to the units sold in our IPO except that, so long as they are held by our Sponsor or its permitted transferees, the Private Placement Units (including their component securities) (i) may not (including the Class A Ordinary Shares issuable upon conversion of the underlying rights), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination and (ii) will be entitled to registration rights. Following the closing of the IPO on November 4, 2024, an amount of $250,000,000 ($10.00 per unit) from the net proceeds of the sale of the Units, and a portion of the net proceeds from the sale of the Private Placement Units, was placed in a trust account established in connection with the IPO (the “ Trust Account ”), located in the United States, with Continental Stock Transfer & Trust Company (“ Continental ”) acting as trustee.…
From recent Form 4 filings
Directors who filed Form 4s in the last 2 years (not a full DEF 14A board roster)