BurTech Acquisition registered to offer 25 million units at $10 each. A unit consists of one share of stock and one-half of a redeemable warrant. Whole warrants would be exercisable at $11.50 for a share.
The new SPAC will target a business that participates within the retail, lifestyle, hospitality, technology or real estate markets.
BurTech is led by Chairman and CEO Shahal Khan, an investor, entrepreneur and social venture capitalist.
EF Hutton is sole book-running manager. The underwriters have an over-allotment option to purchase up to an additional 3.75 million units.
The SPAC has applied for a Nasdaq listing under BRKHU. Read more.
