JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition, the Business Standard reports.
The two companies have signed a non-binding letter of intent regarding a transaction that values the combined entity at more than $700 million, according to people with knowledge of the matter.
BurTech, led by CEO Shahal Khan, raised $287.5 million in a December 2021 initial public offering and said it would focus on finding a target in sectors such as retail, lifestyle, hospitality, technology or real estate. Read more.
