Burtech Acquisition II, a blank check company targeting retail, lifestyle, hospitality, tech, and real estate, raised $80 million by offering 8 million units at $10. The company offered 2 million fewer units than anticipated. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
Burtech Acquisition II is led by CEO and Director Shahal Khan, the founder and CEO of Burkhan World Investments and CEO and Chairman of Trinity Hospitality Group. The SPAC intends to target a business in retail, lifestyle, hospitality, technology, and real estate markets.
Management’s previous SPAC, BurTech Acquisition, went public in 2021 and completed its business combination with edge computing firm Blaize Holdings (Nasdaq: BZAI; -85% from $10 offer price) in 2025.
The Coral Gables, FL-based company will trade on the Nasdaq under the symbol BRKHU. D. Boral Capital acted as sole bookrunner on the deal.
