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B&R Technology Merger Corp. (BRTM) will allow separate trading of its Class A ordinary shares and warrants beginning September 10, 2026, for holders of units issued in its initial public offering.
Investors may elect to split their units so that the Class A ordinary shares trade under the symbol “BRTM” and the warrants trade under “BRTMW” on the Nasdaq Stock Market. No fractional warrants will be issued on separation; only whole warrants will trade. Units that are not separated will continue to trade under the symbol “BRTMU”. The company is a special purpose acquisition company formed to pursue a business combination, with a primary focus on technology growth businesses benefiting from artificial intelligence tailwinds.
B&R Technology Merger Corp. (NASDAQ: BRTMU) reported that the underwriter of its recently completed IPO has partially exercised its over-allotment option, purchasing 3,500,000 additional units at $10.00 per unit. This provides additional gross proceeds of $35,000,000, while the underwriter has forfeited the remaining option to buy up to 1,375,000 units.
According to the company, after this exercise the total number of units sold in the IPO increased to 36,000,000, generating total gross proceeds of $360,000,000. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant; each whole warrant allows the purchase of one Class A share at an exercise price of $11.50. Once separated, the Class A shares and warrants are expected to trade on Nasdaq under the symbols “BRTM” and “BRTMW”, respectively. Citigroup acted as sole book-running manager, and the SEC registration statement became effective on July 20, 2026.
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.