BurTech Completes $894M Business Combination with Blaize
Deal News | Jan 15, 2025 | Globenewswire
Boral Capital successfully underwrote the IPO of BurTech Acquisition Corp, a SPAC that has completed a $894 million business combination with Blaize, Inc., an AI-driven edge computing solutions provider. Now trading under Blaize Holdings, Inc. on Nasdaq, this merger signifies a leap forward in AI technology at the network edge, with Blaize boasting over $400 million in a customer pipeline and significant partnerships. This strategic merger, approved by BurTech shareholders, aims to enhance Blaize's capabilities and market presence, fostering innovation in AI computing solutions for a diverse array of industries. The merger also brings together a suite of advisors including Norton Rose Fulbright, Latham & Watkins, and Jefferies, marking a significant milestone for both companies in offering advanced AI solutions.
Sectors
- Artificial Intelligence
- Investment Banking
- Technology
Geography
- United States – The companies involved, namely BurTech and Blaize, are based in the U.S., involving significant operations in locations such as Washington and California.
Industry
- Artificial Intelligence – The article discusses Blaize, an AI-enabled edge computing solutions provider, recently merged with BurTech Acquisition Corp.
- Investment Banking – Boral Capital's role as an underwriter and the involvement of various advisors indicate the investment banking activities tied to the BurTech IPO and the subsequent merger with Blaize.
- Technology – The merger propels the combined entity into advanced edge computing solutions in technology sectors.
Financials
- Approximately $894 million – The value of the business combination between BurTech Acquisition Corp. and Blaize, Inc.
- $400 million – Qualified pipeline of prospective customers Blaize expects to engage in 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BurTech Acquisition Corp. | Target Company / Acquiror | Company | A SPAC focused on partnering with businesses to excel in public markets. |
| Blaize, Inc. | Target Company | Company | Provider of AI-enabled edge computing solutions, merged with BurTech to form Blaize Holdings, Inc. |
| Boral Capital | Underwriter | Company | Served as the sole underwriter for BurTech’s IPO. |
| Norton Rose Fulbright US LLP | Legal Advisor to BurTech | Company | Provided legal counsel to BurTech during the merger process. |
| Latham & Watkins LLP | Legal Advisor to Blaize | Company | Acted as legal advisor to Blaize. |