BurTech Acquisition Corp. Announces Stockholder Approval of Business Combination with Blaize, Inc.
BurTech Acquisition Corp. (OTC: BRKH) announced stockholder approval for its business combination with Blaize, Inc., an edge AI company. Following the merger completion, the combined entity will be renamed Blaize Holdings, Inc. and will trade on NASDAQ under symbols 'BZAI' and 'BZAI.W' for common stock and public warrants respectively.
The company has secured substantial pre-merger funding, including $116 million in convertible notes issued between August 2023 and February 2024. The merger positions Blaize to target the AI accelerators silicon market for edge applications, estimated at $34.3 billion in 2024 and projected to reach $63.7 billion by 2030. The company aims to advance solutions in transportation, healthcare, and smart cities sectors.
BurTech Acquisition Corp. (OTC: BRKH) ha annunciato l'approvazione degli azionisti per la sua combinazione aziendale con Blaize, Inc., un'azienda di intelligenza artificiale edge. Una volta completata la fusione, l'entità risultante verrà rinominata Blaize Holdings, Inc. e sarà quotata al NASDAQ con i simboli 'BZAI' e 'BZAI.W' rispettivamente per le azioni ordinarie e i warrant pubblici.
L'azienda ha ottenuto un sostanziale finanziamento pre-fusione, inclusi 116 milioni di dollari in note convertibili emesse tra agosto 2023 e febbraio 2024. La fusione posiziona Blaize per mirare al mercato dei silicio per acceleratori AI per applicazioni edge, stimato in 34,3 miliardi di dollari nel 2024 e previsto raggiungere 63,7 miliardi di dollari entro il 2030. L'azienda punta a sviluppare soluzioni nei settori dei trasporti, della sanità e delle città intelligenti.
BurTech Acquisition Corp. (OTC: BRKH) anunció la aprobación de los accionistas para su combinación comercial con Blaize, Inc., una empresa de inteligencia artificial en el borde. Tras la finalización de la fusión, la entidad combinada llevará el nombre de Blaize Holdings, Inc. y se cotizará en NASDAQ bajo los símbolos 'BZAI' y 'BZAI.W' para acciones comunes y warrants públicos respectivamente.
La empresa ha asegurado un financiamiento sustancial antes de la fusión, incluyendo 116 millones de dólares en notas convertibles emitidas entre agosto de 2023 y febrero de 2024. La fusión posiciona a Blaize para apuntar al mercado de silicio de aceleradores de IA para aplicaciones en el borde, valorado en 34.3 mil millones de dólares en 2024 y proyectado alcanzar 63.7 mil millones de dólares para 2030. La empresa tiene como objetivo avanzar en soluciones en los sectores de transporte, salud y ciudades inteligentes.
BurTech Acquisition Corp. (OTC: BRKH)는 엣지 AI 회사인 Blaize, Inc.와의 사업 결합에 대한 주주 승인을 발표했습니다. 합병이 완료되면, 결합된 법인은 Blaize Holdings, Inc.로 이름이 변경되며, 일반 주식 및 공개 워런트를 각각 'BZAI'와 'BZAI.W' 기호로 NASDAQ에서 거래됩니다.
회사는 2023년 8월부터 2024년 2월 사이에 발행된 1억 1천6백만 달러의 전환 사채를 포함하여 상당한 사전 합병 자금을 확보했습니다. 이번 합병은 Blaize가 엣지 애플리케이션을 위한 AI 가속기 실리콘 시장을 타겟으로 삼도록 하여, 이 시장이 2024년에 343억 달러로 추정되고 2030년까지 637억 달러에 이를 것으로 예상됩니다. 이 회사는 운송, 헬스케어 및 스마트 시티 부문에서 솔루션을 발전시킬 목표를 가지고 있습니다.
BurTech Acquisition Corp. (OTC: BRKH) a annoncé l'approbation des actionnaires pour sa combinaison d'affaires avec Blaize, Inc., une entreprise d'intelligence artificielle à la périphérie. Une fois la fusion terminée, l'entité combinée sera renommée Blaize Holdings, Inc. et sera cotée au NASDAQ sous les symboles 'BZAI' et 'BZAI.W' pour les actions ordinaires et les bons de souscription publics respectivement.
L'entreprise a sécurisé un financement substantiel avant la fusion, y compris 116 millions de dollars en obligations convertibles émises entre août 2023 et février 2024. La fusion positionne Blaize pour cibler le marché du silicium des accélérateurs d'IA pour les applications en périphérie, estimé à 34,3 milliards de dollars en 2024 et prévu d'atteindre 63,7 milliards de dollars d'ici 2030. L'entreprise vise à faire progresser des solutions dans les secteurs du transport, de la santé et des villes intelligentes.
BurTech Acquisition Corp. (OTC: BRKH) hat die Zustimmung der Aktionäre für die Geschäftskombination mit Blaize, Inc., einem Edge-AI-Unternehmen, bekannt gegeben. Nach Abschluss der Fusion wird die kombinierte Einheit in Blaize Holdings, Inc. umbenannt und wird an der NASDAQ unter den Symbolen 'BZAI' und 'BZAI.W' für Stammaktien bzw. öffentliche Warrants gehandelt.
Das Unternehmen hat eine erhebliche Vorfusion Finanzierung gesichert, einschließlich 116 Millionen Dollar in wandelbaren Anleihen, die zwischen August 2023 und Februar 2024 ausgegeben wurden. Die Fusion positioniert Blaize, um den Siliziummarkt für AI-Beschleuniger für Edge-Anwendungen anzusprechen, der im Jahr 2024 auf 34,3 Milliarden Dollar geschätzt wird und voraussichtlich bis 2030 auf 63,7 Milliarden Dollar anwachsen wird. Das Unternehmen hat zum Ziel, Lösungen in den Bereichen Verkehr, Gesundheitswesen und intelligente Städte voranzutreiben.
- Secured stockholder approval for NASDAQ uplisting
- Raised $116 million through convertible notes
- Targeting large addressable market of $34.3 billion in 2024
- Market expected to grow to $63.7 billion by 2030
- Additional funding still needed upon closing
- Currently trading on OTC markets
The closing of the business combination is expected to occur promptly following the satisfaction or waiver of all closing conditions. Following the closing of the business combination, the combined company will be renamed “Blaize Holdings, Inc.” and its common stock and public warrants are expected to begin trading on Nasdaq under the ticker symbols “BZAI” and “BZAI.W,” respectively.
BurTech’s approach to the business combination has emphasized robust pre-business combination funding for Blaize, development of strategic commercial partnerships, and rigorous operational readiness. Blaize’s
Shahal Khan, CEO of BurTech, commented, "This merger vote is a pivotal moment for Blaize and the broader AI ecosystem. We believe our approach with BurTech prioritizes investor confidence and long-term value creation. Blaize’s cutting-edge edge AI solutions exemplify the transformative potential of technology to improve lives and industries globally. At BurTech, we remain steadfast in our vision to invest in technologies and solutions that have a positive and lasting impact on mankind and the future."
Based upon industry reports, the total addressable market (“TAM”) for AI accelerators silicon for edge applications is estimated at approximately
About BurTech Acquisition Corp.
BurTech Acquisition Corp. (OTC: BRKH) is a special purpose acquisition company dedicated to partnering with exceptional businesses and providing them with the resources and expertise to excel in the public market. With a focus on delivering long-term value to stockholders and supporting innovative companies, BurTech Acquisition Corp. is committed to creating success stories in technology industries. With steadfast stockholders, a robust financial footing, and an unyielding commitment to innovation, BurTech Acquisition Corp. is a visionary force in the technology world.
About Blaize
Blaize provides a full-stack programmable processor architecture suite and low-code/no-code software platform that enables AI processing solutions for high-performance computing at the network’s edge and in the data center. Blaize solutions deliver real-time insights and decision-making capabilities at low power consumption, high efficiency, minimal size, and low cost. Blaize has raised over
View source version on businesswire.com: https://www.businesswire.com/news/home/20250108144694/en/
BurTech Acquisition Corporation Contact
Jaspreet Randhawa, Head of investments, jaspreet@burkhan.world
Roman Livson Chief Financial Officer
investors@burtechacq.us
Blaize Media Contact Leo Merle | Blaize, Inc. leo.merle@blaize.com
Blaize Investor Contact Mark Roberts, Blueshirt Capital Advisors ir@Blaize.com
Source: BurTech Acquisition Corp.
FAQ
When will Blaize Holdings (BZAI) begin trading on NASDAQ after BRKH merger?
How much funding did Blaize secure through convertible notes before the BRKH merger?
What is the projected market size for AI accelerators in edge applications by 2030?
Which sectors will Blaize target after the BRKH merger?
