Brief: Blaize, A Leading Global Provider Of AI Solutions For Edge Computing, To Go Public Through A Business Combination With Burtech Acquisition Corp.

Blaize Holdings

22/12/2023 20:20

Dec 22 (Reuters) - BurTech Acquisition Corp  BRKH.O :
    * BLAIZE, A LEADING GLOBAL PROVIDER OF AI SOLUTIONS FOR EDGE
COMPUTING, TO GO PUBLIC THROUGH A BUSINESS COMBINATION WITH
BURTECH ACQUISITION CORP.
    * BURTECH ACQUISITION CORP: PROPOSED DEAL FOR TRANSACTION
VALUES
BLAIZE AT A PRO FORMA ENTERPRISE VALUE OF $894 MILLION
    * BURTECH ACQUISITION CORP: PROPOSED TRANSACTION IS EXPECTED
TO
DELIVER MINIMUM PROCEEDS OF ABOUT $71 MILLION
    * BURTECH ACQUISITION CORP: BLAIZE WILL BECOME A PUBLICLY
TRADED
COMPANY AND IS EXPECTED TO BE LISTED ON NASDAQ UNDER A NEW
TICKER SYMBOL
    * BURTECH ACQUISITION CORP: IN CONNECTION WITH CONSUMMATION
OF
PROPOSED TRANSACTION, BURTECH WILL BE RENAMED "BLAIZE HOLDINGS,
INC."
    * BURTECH ACQUISITION CORP: STOCKHOLDERS OF BLAIZE WILL
RECEIVE
SHARES OF BURTECH COMMON STOCK AT A PRICE OF $10.00 PER SHARE

Source text for Eikon:  ID:nBwbjgNhCa 
Further company coverage:  BRKH.O 

 ((Reuters.Briefs@thomsonreuters.com;))