BurTech Sponsor II buys 3.5M BurTech Acquisition shares
BurTech Sponsor II LLC, the sponsor and a 10% owner of BurTech Acquisition Corp II, reported net open-market purchases linked to a total of 3,493,571 shares and warrants.
Rhea-AI Filing Summary
BurTech Sponsor II LLC, the sponsor and a 10% owner of BurTech Acquisition Corp II, reported net open-market purchases linked to a total of 3,493,571 shares and warrants. The sponsor bought 220,000 Class A ordinary shares and 220,000 related warrants, and holds 3,053,571 Class B ordinary shares.
Each of the 220,000 private units was purchased at $10.00, for an aggregate $2,200,000, and consists of one Class A ordinary share and one redeemable warrant to buy one Class A share at $11.50. The Class B shares are set to convert into Class A shares on a one-for-one basis at the time of the initial business combination, and the private placement warrants become exercisable 30 days after that business combination and expire five years later.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A Ordinary Shares | 220,000 | $0.00 | $0.00 |
| Purchase | Class B Ordinary Shares | 3,053,571 | $0.00 | $0.00 |
| Purchase | Class A Ordinary Shares | 220,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Reflects the 220,000 private units owned by Burtech Sponsor II LLC, the Issuer's sponsor ("Sponsor"). Each private unit consists of one Class A ordinary share, $0.0001 par value per share, and one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Placement Units Purchase Agreement, dated May 21, 2026, by and between the Reporting Person and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,200,000.
- F2. The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.
- F3. Reflects 3,053,571 Class B ordinary shares, $0.0001 par value per share, held directly by the Sponsor, after the surrender 514,286 Class B ordinary shares because the underwriter did not exercise its over-allotment option, which shares shall convert into Class A ordinary shares automatically at the time of the business combination, on a one-for-one basis.
Key Figures
Key Terms
private units financial
redeemable warrant financial
initial business combination financial
over-allotment option financial
aggregate purchase price financial
FAQ
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