Burtech Acquisition Corp. (NasdaqGM:BRKH) entered into a definitive agreement to acquire Blaize, Inc. from a group of shareholders on December 22, 2023. Upon closing of the proposed transaction, Blaize will become a publicly traded company and is expected to be listed on Nasdaq under a new ticker symbol. At the effective time of the Merger, stockholders of Blaize immediately prior to the effective time of the Merger will receive shares of BurTech common stock based on an implied pro forma enterprise value of approximately $894 million at a price of $10.00 per share. In addition, 16.3 million shares of common stock of BurTech may be issued as earnout shares after the closing of the proposed transaction, in accordance with the schedule set forth in the merger agreement. In connection with the consummation of the proposed transaction, BurTech will be renamed ?Blaize Holdings, Inc.?

The proposed transaction, which has been unanimously approved by the board of directors of each of BurTech and Blaize, is expected to close in the second quarter of 2024, subject to approval by BurTech?s and Blaize?s stockholders and the satisfaction of other customary closing conditions, including the effectiveness of a registration statement on Form S-4 (the ?Registration Statement?).

Norton Rose Fulbright US LLP is acting as U. S. legal counsel to BurTech. Cohen and Company Capital Markets a division of J.V.B. Financial Group, LLC is acting as exclusive financial advisor, lead capital markets advisor and private placement agent to Blaize. Latham & Watkins LLP is acting as legal counsel to Blaize. Blueshirt Capital Advisors is also serving as an investor relations advisor to Blaize.