BurTech Acquisition Corp II (BRKHU) sponsor buys $2.2M units and holds 3.05M Class B shares
Rhea-AI Filing Summary
BurTech Acquisition Corp II reported that its sponsor, Burtech Sponsor II LLC, an entity managed by CEO and Director Shahal M. Khan, acquired additional economic exposure to the company through private units and founder shares. The sponsor purchased 220,000 private units at $10.00 per unit, for an aggregate price of $2,200,000. Each unit includes one Class A ordinary share and one redeemable warrant to buy one Class A share at $11.50 per share after the initial business combination. The sponsor also holds 3,053,571 Class B ordinary shares, which will automatically convert into Class A shares on a one-for-one basis at the time of the business combination. These holdings are reported as indirect ownership, and Khan disclaims beneficial ownership beyond any pecuniary interest he may have in the sponsor’s securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A Ordinary Shares | 220,000 | $0.00 | -- |
| Purchase | Class B Ordinary Shares | 3,053,571 | $0.00 | -- |
| Purchase | Class A Ordinary Shares | 220,000 | $0.00 | -- |
Footnotes (1)
- Reflects the 220,000 private units owned by Burtech Sponsor II LLC, the Issuer's sponsor (the "Sponsor"). Each private unit consists of one Class A ordinary share, $0.0001 par value per share, and one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Placement Units Purchase Agreement, dated May 21, 2026, by and between the Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,200,000. Shahal M. Khan is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Shahal disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Reflects 3,053,571 Class B ordinary shares, $0.0001 par value per share, held directly by the Sponsor, after the surrender 514,286 Class B ordinary shares because the underwriter did not exercise its over-allotment option, which shares shall convert into Class A ordinary shares automatically at the time of the business combination, on a one-for-one basis. Shahal M. Khan is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Shahal disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly