BurTech Acquisition Corp. enters merger agreement to acquire AI chip company Blaize, Inc.

Blaize Holdings, Inc.

Total merger consideration: 77 million BurTech Class A shares to Blaize securityholders at closing.
Up to 16.3 million earnout shares issuable to Blaize shareholders and Burkhan if stock hits $12.50-$20.00 targets.
Minimum cash condition: $125 million in trust plus proceeds must remain after redemptions.
Burkhan commits $25 million financing via convertible notes and pre-funded warrant; lock-up 180 days.
Closing deadline December 31, 2024; subject to shareholder and regulatory approvals.

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 Agreement and Plan of Merger with BurTech Acquisition Corp., BurTech Merger Sub Inc., Blaize, Inc., and Burkhan Capital LLC (effective 2023-12-22).

Action: entry
Agreement: merger
Counterparty: BurTech Acquisition Corp., BurTech Merger Sub Inc., Blaize, Inc., and Burkhan Capital LLC
Effective: 2023-12-22

Exact text from the filing

“ BurTech ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among BurTech, BurTech Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of BurTech (“ Merger Sub ”),

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Blaize Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-130196

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