B&R Technology Merger, a blank check company led by venture capitalist David York focused tech companies with AI tailwinds, filed on Thursday with the SEC to raise up to $325 million in an initial public offering.
The company plans to raise $325 million by offering 32.5 million units at $10. Each unit consists of one share of common stock and one-third of one warrant to purchase a share, exercisable at $11.50.
B&R Technology Merger is led by Chairman and CEO David York, the founder of venture capital fund-of-funds Top Tier Capital Partners (TTCP). He is joined by CFO, President, and Director Clark Callander, who currently serves as Chairman of Napster and previously was an executive at GCA Savvian, as well as COO and Director Steven Fletcher, the founder and CEO of Authentic Holdings, a firm that sponsors SPACs.
The company expects to focus its efforts on technology growth companies that have artificial intelligence (AI) tailwinds. It believes that the build-up of private unicorns will cause many to seek a SPAC merger as an alternative to a traditional IPO.
The Las Vegas, NV-based company was founded in 2025. It plans to list on the Nasdaq under the symbol BRTMU. B&R Technology Merger filed confidentially on June 9, 2026. Citi is the sole bookrunner on the deal.
