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B&R Technology Merger Corp (Nasdaq: BRTMU) closed its initial public offering of 32,500,000 units at $10.00 per unit on July 22, 2026, generating $325,000,000 in gross proceeds. The units began trading on Nasdaq on July 21, 2026 under the symbol BRTMU.
Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable at $11.50 per Class A share. $325,000,000 (or $10.00 per public unit) from the IPO and a simultaneous private placement was placed in a trust account. Once separated, the Class A shares and warrants are expected to trade as BRTM and BRTMW, respectively. The company is a SPAC formed to pursue a business combination, with a stated focus on technology growth companies benefiting from AI tailwinds. Citigroup acted as sole book-running manager, and the company granted a 45-day option to purchase up to 4,875,000 additional units.
B&R Technology Merger Corp. (Nasdaq: BRTMU) priced its initial public offering of 32,500,000 units at $10.00 per unit, for aggregate gross proceeds of $325 million, before expenses. The units are expected to begin trading on the Nasdaq Global Market under the symbol BRTMU on July 21, 2026.
Each unit consists of one Class A ordinary share and one-third of one warrant, with each whole warrant exercisable at $11.50 per share. Once separated, the Class A shares and warrants are expected to trade on Nasdaq under BRTM and BRTMW, respectively. The company is a blank-check company formed to pursue a business combination in any sector. Citigroup Global Markets acts as sole bookrunner, and underwriters hold a 45-day option to purchase up to 4,875,000 additional units at the IPO price to cover over-allotments. A registration statement has been declared effective by the SEC.