BurTech Acquisition Corp. enters non-redemption agreements to secure extension vote and preserve trust funds

Blaize Holdings, Inc.

BurTech Acquisition Corp. entered non-redemption agreements with unaffiliated third parties to not redeem up to 4,000,000 Class A shares.
In exchange, sponsor BurTech LP LLC will transfer up to 1,000,000 Class B shares to those parties after a business combination.
The agreements aim to increase funds remaining in trust after the special meeting to approve extension to December 15, 2023.
The company also agreed not to use trust funds for excise tax liabilities related to future redemptions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blaize Holdings, Inc. entered into Non-Redemption Agreement with one or more unaffiliated third party or parties (effective 2023-03-01).

Action: entry
Counterparty: one or more unaffiliated third party or parties
Effective: 2023-03-01

Exact text from the filing

On March 1, 2023, BurTech Acquisition Corp. (the “ Company ”) and BurTech LP LLC (the “ Sponsor ”) entered into a non-redemption agreement (“ Non-Redemption Agreement ”) with one or more unaffiliated third party or parties in exchange for such third party or third parties agreeing not to redeem up to an aggregate of 4,000,000 shares of the Company’s Class A common stock sold in its initial public offering (“ Non-Redeemed Shares ”) in connection with the special meeting of the stockholders called by the Company (the “ Special Meeting ”) to consider and approve an extension of time for the Company to consummate an initial business combination from March 15, 2023 to December 15, 2023 (the “ Extension ”), and to amend the Trust Management Agreement with Continental Stock & Transfer Company, dated as of December 10, 2021, allowing for such extension (the “ Extension Proposals ”).

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Blaize Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-027525

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