Complete Solaria Gets $10M Commitment in Support of Freedom Acquisition I Deal

The company plans to merge with Fusion Acquisition in a $2.4 billion deal. Fusion shareholders are set to vote on the proposal Sept. 21.

Burning Rock has prepared a registration document in connection with the direct listing, which has been approved by the Financial Conduct Authority. The company's American depositary shares trade on the Nasdaq and, if the direct listing is completed, would likewise trade on the London Exchange.

The big question this year is how a change to the New York Stock Exchange’s direct listing rules will impact the IPO market.