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New Deal


Announced

Blaize to go public via a SPAC merger with BurTech Acquisition in a $894m deal.

Financials

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Transaction Value£706m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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edge computing

United States

Auto Technology

Acquisition

Domestic

De-SPAC

Merger

Reverse Takeover

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Blaize, a provider of full-stack artificial intelligence solutions for automotive and edge computing in multiple large and rapidly growing markets, agreed to go public via a SPAC merger with BurTech Acquisition, a special purpose acquisition company, in a $894m deal. "This combination with BurTech is a landmark event for Blaize. It positions us perfectly to tackle the exciting challenges and global opportunities in AI computing and processors. We are grateful for the support of our long-term investors and the commitment from BurTech. This enables us to rapidly deploy our proprietary AI solutions across multiple geographies and play a prominent role in shaping the future of sustainable AI innovation,” Dinakar Munagala, Blaize CEO and Co-Founder.

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