[Form 4] BurTech Acquisition Corp II Insider Trading Activity
Rhea-AI Filing Summary
BurTech Acquisition Corp II reported that Burtech Sponsor II LLC, an entity associated with CEO and Director Shahal M. Khan, purchased 220,000 private units. Each unit consists of one Class A ordinary share and one redeemable warrant.
The private units were bought at $10.00 per unit under a Private Placement Units Purchase Agreement for an aggregate $2,200,000. Each whole warrant entitles the holder to buy one Class A ordinary share at $11.50 per share, becoming exercisable 30 days after the company completes its initial business combination and expiring five years after that or earlier upon redemption or liquidation. Khan, as managing member of the sponsor, holds voting and investment discretion but disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A Ordinary Shares | 220,000 | $0.00 | -- |
| Purchase | Class A Ordinary Shares | 220,000 | $0.00 | -- |
Footnotes (1)
- Reflects the 220,000 private units owned by Burtech Sponsor II LLC, the Issuer's sponsor(the "Sponsor"). Each private unit consists of one Class A ordinary 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 Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,200,000. Shahal M. Khan is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Shahal disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly. 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.