Bleichroeder Acquisition Corp. I (BACQ) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BACQ currently has 96.5M outstanding shares. with significant dilution risk as 250M authorized shares could dilute existing holders by 259.3%. The company has significantly diluted shareholders by 783.38% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 96.5M shares outstanding |
97M | 250M |
| Apr 15, 2026 |
S-1 filing: This S-1 filing outlines a primary and secondary offering of common stock, preferred stock, and investor warrants by Merlin, Inc. |
85M | 250M |
| Mar 12, 2026 |
10-K filing | 25.4M shares outstanding |
25M | 25M |
| Nov 17, 2025 |
8-K filing: Inflection Point and Merlin Labs amended the Closing PIPE Subscription Agreement to increase the Closing PIPE Investment to $100,000,000 for 9,803,922 shares of New Merlin Labs Preferred Stock and a Closing Warrant and also entered into Additional Closing PIPE Subscription Agreements for 1,666,668 shares of New Merlin Labs Preferred Stock and Closing Warrants. ($100.0M proceeds) |
25M | 25M |
| Aug 14, 2025 |
8-K filing: Bleichroeder Acquisition Corp. I (Inflection Point) entered into a Business Combination Agreement with Merlin Labs, Inc., involving a merger of Merger Sub with Merlin Labs, with Merlin Labs continuing as the surviving company, and includes provisions for share conversions, preferred stock investments, and lock-up agreements. ($50.0M proceeds) |
25M | 25M |
| Aug 08, 2025 |
10-Q filing | 25.0M shares outstanding |
25M | 25M |
| May 01, 2025 |
10-Q filing | 25.0M shares outstanding |
25M | 25M |
| Mar 10, 2025 |
10-K filing | 25.4M shares outstanding |
25M | 25M |
| Dec 09, 2024 |
10-Q filing | 25.4M shares outstanding |
25M | 25M |
| Oct 23, 2024 |
S-1/A filing: Initial public offering of 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive one tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination. |
9.6M | 25M |
| Oct 07, 2024 |
S-1/A filing: Initial public offering of 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive one tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination by Bleichroeder Acquisition Corp. I, a blank check company. |
34M | 25M |
| Aug 21, 2024 |
S-1/A filing: This is an S-1/A filing for an initial public offering of units of Bleichroeder Acquisition Corp. I, a blank check company, with each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant, and a concurrent private placement of warrants. |
7.2M | 28M |
| Jul 12, 2024 |
S-1 filing: Initial public offering of 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant. The underwriter has a 45-day option to purchase up to an additional 3,750,000 units to cover over-allotments. Sponsor committed to purchase 2,000,000 warrants at $1.00 per warrant in a private placement. |
7.2M | 27M |