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.