B&R Technology Merger Corp. 8K

B&R Technology Merger Corp. reported the partial exercise and closing of its IPO over-allotment option, increasing its IPO to 36 million units for $360 million in total gross proceeds.

B&R Technology Merger Corp. announced that the underwriter of its initial public offering has partially exercised its over-allotment option to purchase an additional 3,500,000 units at $10.00 per unit, generating $35 million in additional gross proceeds and bringing the total IPO size to 36,000,000 units for aggregate gross proceeds of $360 million, while forfeiting the remaining option to buy up to 1,375,000 additional units; each unit consists of one Class A ordinary share and one-third of a redeemable warrant, and the Class A ordinary shares and warrants are expected to trade on Nasdaq under the symbols BRTM and BRTMW, respectively, with Citigroup serving as sole book-running manager.

Filing Facts

CIK

2131350

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-365186

Alert Tier

6