Burtech Acquisition Corp II closes $80 million IPO, places $80.4 million in trust
Burtech Acquisition Corp II, a blank check company with no operations, closed its initial public offering of 8,000,000 units at $10.00 each on May 26, 2026, raising $80 million in gross proceeds. The filing also includes an audited balance sheet showing $80.4 million held in a trust account for public shareholders, but the auditor states that substantial doubt exists about the company's ability to continue as a going concern.
Key points
- 8,000,000 units sold at $10.00 per unit for gross proceeds of $80,000,000; each unit includes one Class A ordinary share and one redeemable warrant exercisable at $11.50
- Private placement of 252,000 units at $10.00 per unit for $2,520,000, with the sponsor buying 222,000 units and an investor buying 30,000
- $80,400,000 ($10.05 per unit) placed in trust; cash on hand was $898,623 as of May 26, 2026
- Auditor WithumSmith+Brown, PC includes a going concern paragraph; the company has 15 months from the IPO closing, extendable to 21 months, to complete a business combination
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.