\nBurTech Acquisition Corp. (the \u201cCompany<\/b>\u201d) announced today that in connection with the special shareholder meeting of the Company to approve the extension scheduled for December 9th<\/sup>, 2024, the Company filed a proxy supplement on December 3, 2024.<\/p>\n
\nThe supplement amended the proposal to amend BurTech\u2019s investment management trust agreement, dated as of December 15, 2021, as amended (the \u201cTrust Agreement<\/b>\u201d), by and between the Company and Continental Stock Transfer & Trust Company (the \u201cTrustee<\/b>\u201d), allowing the Company to extend the Extended Termination Date from, December 15, 2024 until May 15, 2025, on a month-to-month basis (each such monthly extension, an \u201cExtension Period<\/b>\u201d), by depositing into the Trust Account $0.05 per non-redeemed share of Class A Common Stock (each an \u201cExtension Payment<\/b>\u201d).<\/p>\n
\nAs of November 29, 2024, the redemption price per Class A Common Stock was approximately $11.49 (which is expected to be the same approximate amount on December 5, 2024, two (2) business days prior to the scheduled date of the Special Annual Meeting), based on the aggregate amount on deposit in the Trust Account which was $49,932,574.13 (including interest), after deducting approximately $621,274 to pay allowable taxes, and divided by the total number of issued and outstanding public shares of Class A Common Stock. The closing price of the Class A Common Stock on Nasdaq on December 2, 2024 was $11.50.<\/p>\n
\nThe Company will file a current report on Form 8-K with each monthly Extension Period, and will contribute the $0.05 per non-redeemed public share per month to extend the time to complete the Proposed Business Combination until May 15, 2025 on a month-to-month basis, commencing on the 15th day of each monthly Extension Period until the earlier of (x) the date of the special meeting held in connection with a stockholder vote to approve its initial business combination; (y) the last Extension Period for which an Extension Payment is made. The funds will continue to be held in the Trust Account which will maintain the investment of the Company\u2019s trust assets in money market investment products.<\/p>\n
\nOn December 2, 2024, the Securities and Exchange Commission (\u201cSEC<\/b>\u201d) declared effective a registration statement on Form S-4 relating to the business combination. The special shareholder meeting of the Company to approve the business combination is scheduled to be held on December 23, 2024.<\/p>\n
Stockholders will have the opportunity to vote on the Business Combination in a separate special stockholders\u2019 meeting for that purpose and can redeem their shares of Class A Common Stock at that time. The special meeting to approve the Business Combination is scheduled to take place on December 23, 2024, details of which will follow in a separate press release and in a definitive proxy statement that will be mailed to all holders of record of shares of BurTech\u2019s Class A Common Stock at the close of business on November 12, 2024, the \u201cRecord Date\u201d.<\/b><\/p>\n
\nThe shareholders will be able to redeem their shares in connection with either the first meeting scheduled for December 9th<\/sup>, 2024 or the second meeting scheduled for December 23, 2024.<\/p>\n \nThe Company\u2019s shares are listed on the Nasdaq Global Market (\u201cNasdaq<\/b>\u201d), under the ticker symbol \u201cBRKH\u201d. The Company is a blank check company whose business purpose is to effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company is in the process of completing a business combination with Blaize, Inc.<\/p>\n \nThis 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.<\/p>\n Cautionary Statement Regarding Forward Looking Statements<\/b><\/p>\n \nThis press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d) that are based on beliefs and assumptions and on information currently available to BurTech and Blaize, including statements regarding Blaize\u2019s business plans and growth strategies, market opportunities, and financial prospects. In some cases, you can identify forward-looking statements by the following words: \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing,\u201d \u201ctarget,\u201d \u201cseek\u201d or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the previously disclosed proposed business combination (the \u201cproposed transaction\u201d) may not be completed in a timely manner or at all, which may adversely affect the price of BurTech\u2019s securities; (ii) the risk that the proposed transaction may not be completed by BurTech\u2019s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by BurTech; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the approval of the proposed transaction by BurTech\u2019s stockholders, the satisfaction of the minimum aggregate transaction proceeds amount following redemptions by BurTech\u2019s public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the failure to obtain adequate financing to complete the proposed transaction and to support the future working capital needs of Blaize and the combined company; (v) the effect of the pendency of the proposed transaction on Blaize\u2019s business relationships, performance, and business generally; (vi) risks that the proposed transaction disrupts current plans of Blaize and potential difficulties in the retention of Blaize\u2019s employees as a result of the proposed transaction; (vii) the outcome of any legal proceedings that may be instituted against BurTech or Blaize related to the merger agreement and the proposed transaction; (viii) changes to the proposed structure of the proposed transaction that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed transaction; (ix) the ability to maintain the listing of BurTech\u2019s securities on Nasdaq; (x) the price of BurTech\u2019s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Blaize operates, variations in performance across competitors, changes in laws and regulations affecting Blaize\u2019s business and changes in the combined capital structure; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, including the possibility of cost overruns or unanticipated expenses in development programs, and the ability to identify and realize additional opportunities; (xii) the enforceability of Blaize\u2019s intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security; (xiii) the incurrence of significant expenses to remediate, or damage to Blaize\u2019s reputation as a result of, any defects in Blaize\u2019s products; and (xiv) other risks and uncertainties set forth in the section entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in BurTech\u2019s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that are available on the website of the Securities and Exchange Commission (the \u201cSEC\u201d) at www.sec.gov<\/a> and other documents filed, or to be filed with the SEC by BurTech, including the Registration Statement. The foregoing list of factors is not exhaustive. There may be additional risks that neither BurTech nor Blaize presently know or that BurTech or Blaize currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the definitive proxy statement to be filed by BurTech with the SEC, including those under \u201cRisk Factors\u201d therein, and other documents filed by BurTech from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and BurTech and Blaize assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither BurTech nor Blaize gives any assurance that either BurTech or Blaize will achieve its expectations.<\/p>\n Additional Information and Where to Find It<\/b><\/p>\n \nIn connection with the Business Combination, BurTech has filed with the SEC a Registration Statement on Form S-4 (the \u201cRegistration Statement\u201d), and the Registration Statement was declared effective on December 2, 2024. BurTech will mail a definitive proxy statement\/prospectus relating to the proposed transaction to its stockholders. This press release does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BurTech may file other documents regarding the proposed transaction with the SEC, and BurTech\u2019s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement\/prospectus and the amendments thereto, the definitive proxy statement\/prospectus and the other documents filed in connection with the proposed transaction, as these materials will contain important information about Blaize, BurTech and the proposed transaction. When available, the definitive proxy statement\/prospectus and other relevant materials for the proposed transaction will be mailed to stockholders of BurTech as of a record date to be established for voting on the proposed transaction and the other matters to be voted upon at a meeting of BurTech\u2019s stockholders to be held to approve the proposed transaction and such other matters. Such stockholders will also be able to obtain copies of the preliminary proxy statement\/prospectus, the definitive proxy statement\/prospectus and other documents filed with the SEC, without charge, once available, at the SEC\u2019s website at www.sec.gov<\/a>, or by directing a request to BurTech Acquisition Corp., 1300 Pennsylvania Avenue, Suite 700, New York, NY 20006, Attention: Roman Livson, Chief Financial Officer.<\/p>\n Participants in Solicitation<\/b><\/p>\n \nBurTech, Blaize, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from BurTech\u2019s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of BurTech\u2019s stockholders in connection with the proposed transaction, including the names of such persons and a description of their respective interests, is set forth in BurTech\u2019s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the Registration Statement regarding the proposed transaction when it becomes available. Stockholders will be able to obtain copies of the documents described in this paragraph that are filed with the SEC, once available, without charge at the SEC\u2019s website at www.sec.gov<\/a>, or by directing a request to BurTech Acquisition Corp., 1300 Pennsylvania Avenue, Suite 700, Washington, DC 20006, Attention: Roman Livson, Chief Financial Officer.<\/p>\n No Offer or Solicitation<\/b><\/p>\n \nThis press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of BurTech or Blaize, nor shall there be any sale of any such 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 such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241204003630\/en\/<\/a><\/span><\/p>\n \nRoman Livson KEYWORDS:<\/b> United States North America District of Columbia<\/p>\n INDUSTRY KEYWORDS:<\/b> Professional Services Business Finance Asset Management Consulting Banking<\/p>\n<\/p>\n
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BurTech Acquisition Corp.
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Chief Financial Officer
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1300 Pennsylvania Avenue, Suite 700
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Washington, DC 20006
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roman@burkhan.world<\/a><\/p>\n
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