Burtech Acquisition Corp. Extends Business Combination Timeline

Burtech Acquisition Corp. (NASDAQ: BRKHU) recently announced important updates following its Special Annual Meeting held on December 9, 2024. The meeting, where stockholders voted, resulted in key decisions that will impact the company’s future endeavors.

At the gathering, shareholders gave consent for Burtech Acquisition Corp. to make amendments to its investment management trust agreement. This amendment, dated December 10, 2021, was entered into with Continental Stock Transfer & Trust Company, and it allows the company to extend the time to finalize a business combination on a monthly basis. The extension can now stretch until May 15, 2025, with a required extension payment.

Additionally, another significant decision made was the approval for an extension of the deadline to consummate a business combination. Shareholders agreed to push the date from December 15, 2024, to a month-to-month basis until May 15, 2025.

The Special Annual Meeting saw 14,231,163 shares, representing 93.86% of the shares, voted in person or by proxy out of the 15,162,663 shares eligible to vote. Among the matters presented, the company achieved favorable outcomes, which included the approval of the Charter Amendment to extend the business combination deadline.

Moreover, shareholders also ratified the appointment of Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. Following the meeting, 241,120 shares were tendered for redemption, totaling approximately $2,774,657.98.

After these redemptions, Burtech Acquisition Corp. will have 4,104,543 shares of Class A Common Stock and 5 shares of Class B Common Stock issued and outstanding. A substantial sum of approximately $47,232,510.65 will remain in the company’s trust account.

The company’s filings with the Securities and Exchange Commission include the full details of the amendments and agreements made at the Special Annual Meeting. Investors and stakeholders can further review the specific amendments filed as Exhibits 3.1 and 10.1 in the Form 8-K report issued on December 12, 2024. Additionally, a cover page interactive data file has been included as Exhibit 104, containing XBRL tags embedded in the Inline XBRL document.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Burtech Acquisition’s 8K filing here.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.