---
title: "Bleichroeder Acquisition II - Unit | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283972184.md"
datetime: "2026-04-24T09:37:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283972184.md)
  - [en](https://longbridge.com/en/news/283972184.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283972184.md)
---

# Bleichroeder Acquisition II - Unit | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.01.

EBIT: As of FY2025, the actual value is USD -62.58 K.

Bleichroeder Acquisition Corp. II operates as a single reporting segment, with its Chief Financial Officer (CODM) reviewing overall operating results to allocate resources and assess financial performance.

#### Operational Metrics

-   **Net Loss**: For the period from August 27, 2025 (inception) through December 31, 2025, Bleichroeder Acquisition Corp. II reported a net loss of - $62,576. This loss was primarily driven by formation costs paid by the Sponsor (- $14,746), general and administrative costs paid through a related-party promissory note (- $47,530), and changes in accrued expenses (- $300).
-   **Formation, General, and Administrative Costs**: These costs amounted to - $62,576 for the period from August 27, 2025 (inception) through December 31, 2025.
-   **Deferred Offering Costs**: As of December 31, 2025, deferred offering costs were - $217,025.

#### Revenue and Cash Flow

-   **Revenue**: Bleichroeder Acquisition Corp. II has not generated any operating revenues to date and does not expect to do so until after the completion of a Business Combination. Non-operating income is anticipated from interest on marketable securities held in the Trust Account.
-   **Net Cash Used in Operating Activities**: For the period from August 27, 2025 (inception) through December 31, 2025, net cash used in operating activities was - $0.

#### Liquidity and Capital Resources (Unique Metrics)

-   **Initial Public Offering Proceeds**: On January 9, 2026, the company consummated its IPO, generating gross proceeds of - $287,500,000 from the sale of 28,750,000 Units at - $10.00 per Unit.
-   **Private Placement Proceeds**: Simultaneously, the company sold 7,750,000 Private Placement Warrants at - $1.00 each, generating gross proceeds of - $7,750,000.
-   **Trust Account Balance**: Following the IPO and Private Placement, - $287,500,000 was placed in the Trust Account.
-   **Transaction Costs**: Total transaction costs incurred were - $17,870,483, including a - $5,000,000 cash underwriting fee, - $12,250,000 deferred underwriting fee, and - $620,483 in other offering costs.
-   **Working Capital Deficit**: As of December 31, 2025, the company had a working capital deficit of - $254,601.
-   **Promissory Note**: The company borrowed - $248,013 under a non-interest-bearing promissory note from the Sponsor as of December 31, 2025, which was fully repaid on January 9, 2026.

#### Outlook / Guidance

Bleichroeder Acquisition Corp. II entered into a Business Combination Agreement on February 28, 2026, with Bleichroeder Acquisition 2 France and Pasqal Holding SAS. This transaction is expected to be financed through a combination of funds from the Company’s Trust Account and anticipated proceeds from a public investment in private equity. The closing of this business combination is projected for the second half of 2026, contingent upon regulatory and shareholder approvals.

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