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Burgundy Technology Acquisition Priced, Nasdaq: BTAQU

Blank check company formed by the former CEO of HP and a former Citi executive targeting the tech industry (liquidated).

Industry: SPAC

First Day Return: -0.2%

Industry: SPAC

We are a newly incorporated blank check company. While our efforts to identify a target business may span many industries and regions worldwide, we intend to focus on public and private opportunities in the technology sector, particularly companies in enterprise software or technology-enabled services. We believe these sectors will deliver strong risk-adjusted returns for our investors, supported by a robust market outlook and industry tailwinds. Management believes the inability for smaller but successful technology companies to raise capital through regular way IPOs or the bank market creates a long-term investment opportunity. We believe this group of companies is overlooked by the capital markets and offer significant potential upside for investors, presenting a compelling opportunity for growth and value creation. We expect to use the following strategic, operational and financial criteria to evaluate software and technology enabled opportunities in targeting companies with enterprise value between $750 million and $2 billion and with large addressable markets. We believe companies of this size have a momentum that often includes an international following, and offer long-term better risk-adjusted return potential.
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Burgundy Technology Acquisition (BTAQU) Performance