BurTech Acquisition, a blank check company targeting the retail, lifestyle, hospitality, tech, and real estate markets, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Shahal Khan, the founder and CEO of Burkhan World Investments, a holding company with diversified investments focusing on reinvesting gains from portfolio investments into companies that have the potential so accelerate sustainability. The company plans to target businesses that participate in the retail, lifestyle, hospitality, technology, or real estate markets, focusing on those with large addressable markets, attractive customer demographics, and brand recognition, among other characteristics.
BurTech Acquisition plans to list on the Nasdaq under the symbol BRKHU. EF Hutton acted as sole bookrunner on the deal.
