M&A
confidence high
sentiment neutral
materiality 0.65
BurTech Acquisition Corp. signs non-binding LOI to combine with CleanBay Renewables at $330M valuation
Blaize Holdings, Inc.
- CleanBay valued at $330M; BurTech trust holds ~$294M cash.
- CleanBay equity holders to convert 100% into combined public company.
- CleanBay is a late-stage enviro-tech focused on RNG, green hydrogen, and controlled-release fertilizer.
- Definitive merger agreement expected in Q2 2023, subject to due diligence and approvals.
- Each CleanBay facility can recycle >150K tons poultry litter annually, produce >750K MMBtus RNG, 100K tons fertilizer, and up to 1M tons CO2 credits.