Corporate ActionMay 26, 2026, 05:22 PM
Burtech Acquisition Corp II Completes $80M IPO
AI Summary
Burtech Acquisition Corp II announced the closing of its initial public offering, raising $80,000,000 through the sale of 8,000,000 units at $10.00 per unit. Concurrently, the company completed a private placement of 252,000 units, generating an additional $2,520,000. A total of $80,400,000 from both offerings has been deposited into a trust account for the benefit of public shareholders. The units, consisting of one Class A ordinary share and one redeemable warrant, are listed on Nasdaq under "BRKHU".
Key Highlights
- Burtech Acquisition Corp II completed its IPO of 8,000,000 units at $10.00 per unit.
- The IPO generated gross proceeds of $80,000,000.
- Simultaneously, 252,000 private placement units were sold at $10.00 each, generating $2,520,000.
- A total of $80,400,000 from the IPO and private placement was deposited into a trust account.
- Each unit consists of one Class A ordinary share and one redeemable warrant, exercisable at $11.50.
- Shahal M. Khan, Leon Golden, Scott E. Young, and Sergey Alekseev were appointed to the board of directors.
- The company granted the underwriter a 45-day option to purchase up to an additional 1,200,000 units.
Price Impact
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