NEW YORK, Dec. 15, 2021 /PRNewswire/ -- BurTech
Acquisition Corp. (the "Company") announced today the closing of
its initial public offering of 25,000,000 units at $10.00 per unit (the "Offering"). Each unit
consists of one share of Class A common stock and one redeemable
warrant, with each warrant entitling the holder thereof to purchase
one share of Class A common stock at a price of $11.50 per share. The underwriters exercised
their over-allotment option in full for an additional 3,750,000
units on December 13, 2021, which
closed at the time of the closing of the Offering. As a result, the
aggregate gross proceeds of the Offering, including the
over-allotment, are $287.5 million,
prior to deducting underwriting discounts, commissions, and other
Offering expenses.
The units have been listed on the Nasdaq Global Market
("Nasdaq") and began trading on December 13,
2021, under the ticker symbol "BRKHU". Once the securities
comprising the units begin separate trading, the shares of Class A
common stock and warrants are expected to be listed on Nasdaq under
the symbols "BRKH" and "BRKHW", respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. The Company has not selected a business
combination target and has not, nor has anyone on its behalf,
initiated any substantive discussions, directly or indirectly, with
any business combination target. The Company intends to focus its
search for a target business in the retail, lifestyle, hospitality,
technology, or real estate markets. The Company is led by its Chief
Executive Officer, Mr. Shahal Khan.
EF Hutton, division of Benchmark Investments, LLC, served as
sole book-running manager for the Offering.
Loeb & Loeb LLP served as legal counsel to the Company.
Lucosky Brookman, LLP served as legal counsel to EF Hutton.
The Offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from EF Hutton, division of
Benchmark Investments, LLC, 590 Madison Ave., 39th
Floor, New York, NY 10022,
Attention: Syndicate Department, or via email
at syndicate@efhuttongroup.com or telephone at (212)
404-7002.
The Securities and Exchange Commission ("SEC") declared
effective a registration statement on Form S-1 relating to these
securities on December 10, 2021. A
final prospectus relating to this Offering has been filed with the
SEC. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's initial public offering and the anticipated use of the
net proceeds thereof. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement and final prospectus for the
Offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
BurTech Acquisition Corp.
1300 Pennsylvania Avenue NW, Suite 700
Washington, DC 20004
Camille Chetrit
Investor Relations
investors@burtechacq.us
(908) 530-8928
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SOURCE BurTech Acquisition Corp.