Blaize Holdings, Inc. — Capital/Financing Update 2021

Dec 16, 2021

8-K 1 tm2135631d1_8k.htm FORM 8-K

Field: Rule-Page

Field: /Rule-Page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 16, 2021 (December 10, 2021)

BURTECH ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

Delaware		86-2708752
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1300 Pennsylvania Ave NW, Suite 700

Washington, DC 20004 (Address of principal executive offices, including zip code)

( 202) 600-5757 Registrant’s telephone number, including area code:

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of
one share of Class A common stock and one Redeemable Warrant to purchase one share of Class A common stock for $11.50 per share	BRKHU	The Nasdaq Stock Market, LLC
Class A common stock, par value $0.0001 per share	BRKH	The Nasdaq Stock Market, LLC
Warrants, each exercisable for one share of Class A common stock for $11.50 per share	BRKHW	The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Field: Rule-Page

Field: /Rule-Page

Field: Page; Sequence: 1

Field: /Page

Item 1.01. Entry into a Material Definitive Agreement.

On December 10, 2021, BurTech Acquisition Corp. (the “ Company ”) consummated its initial public offering (the “ IPO ”) of 25,000,000 units (the “ Units ”). Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (“ Common Stock ”), and one redeemable warrant of the Company (“ Warrant ”), with each Warrant entitling the holder thereof to purchase one share of Common Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $250,000,000. Pursuant to the Underwriting Agreement (defined below), on December 13, 2021, the underwriters exercised their option to purchase an additional 3,750,000 Units solely to cover over-allotments, generating additional proceeds to the Company of $37,500,000.

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s Registration Statement on Form S-1 (File No. 333-258914) related to the IPO, initially filed with the U.S. Securities and Exchange Commission (the “ Commission ”) on August 19, 2021 (as amended, the “ Registration Statement ”):

● An Underwriting Agreement (the “ Underwriting Agreement ”), dated December 10, 2021, by and between the Company and EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”) as representative of the several underwriters, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

●	A Warrant Agreement, dated December 10, 2021, by and between the Company and Continental Stock Transfer & Trust Company (“ CST ”), as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
●	A Registration Rights Agreement, dated December 10, 2021, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
●	A Letter Agreement, dated December 10, 2021, by and among the Company, its officers, its directors and the Company’s sponsor, BurTech LP, LLC (the “ Sponsor ”), a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

● An Investment Management Trust Agreement, dated December 10, 2021, by and between the Company and CST, as trustee, a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.

● An Administrative Support Agreement, dated December 10, 2021, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.

● A purchase agreement for private units, dated December 10, 2021 (the “ Placement Units Purchase Agreement ”), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.

Field: Page; Sequence: 2; Options: NewSection; Value: 1

Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence

Field: /Page

Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, pursuant to the Private Placement Units Purchase Agreement, the Company completed the private sale of an aggregate of 898,250 units (the “ Placement Units ”) to the Sponsor at a purchase price of $10.00 per Placement Unit, generating gross proceeds to the Company of $8,882,500. The Placement Units are identical to the Units sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

On December 13, 2021, in connection with the IPO, the Company filed its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, effective the same day. A copy of the Second Amended and Restated Certificate of Incorporation is attached as Exhibit 3.1 hereto and incorporated herein by reference.

Item 8.01. Other Events.

A total of $291,812,500 was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes, the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any of the Company’s public shares properly submitted in connection with a stockholder vote to amend the Company’s second amended and restated certificate of incorporation (a) to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it does not complete its initial business combination within 18 months (the “ Combination Period ”) from the closing of the IPO or (b) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity and (iii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within the Combination Period, subject to applicable law.

On December 10, 2021, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On December 15, 2021, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

Field: Page; Sequence: 3; Value: 1

Field: Sequence; Type: Arabic; Name: PageNo 2 Field: /Sequence

Field: /Page

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being filed herewith:

Exhibit No.	Description
1.1	Underwriting Agreement, dated December 10 , 2021, by and between the Company and EF Hutton, as representative of the several underwriters.
3.1	Second Amended and Restated Certificate of Incorporation.
4.1	Warrant Agreement, dated December 10 , 2021, by and between the Company and CST, as warrant agent.
10.1	Registration Rights Agreement, dated December 10 , 2021, by and between the Company and the Sponsor.
10.2	Letter Agreement, dated December 10 , 2021, by and among the Company, its officers, directors and the Sponsor.
10.3	Investment Management Trust Agreement, dated December 10 , 2021, by and between the Company and CST, as trustee.
10.4	Administrative Support Agreement, dated December 10 , 2021, by and between the Company and the Sponsor.
10.5	Placement Units Purchase Agreement, dated December 10 , 2021, by and between the Company and the Sponsor.
99.1	Press Release, dated December 10 , 2021.
99.2	Press
Release, dated December 15 , 2021.

Field: Page; Sequence: 4; Value: 1

Field: Sequence; Type: Arabic; Name: PageNo 3 Field: /Sequence

Field: /Page

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By:	/s/ Shahal Khan
	Name:	Shahal Khan
	Title:	Chief Executive Officer
Dated: December 16, 2021

Field: Page; Sequence: 5; Options: Last

Field: Sequence; Type: Arabic; Name: PageNo 4 Field: /Sequence

Field: /Page