BurTech Shareholders to Vote on Blaize Merger December 9th
November 14, 2024
Definitive Agreement: Dec 22, 23
Industry:
SEMICONDUCTORS & RELATED DEVICES
BurTech Acquisition Corp. (Nasdaq: BRKH, BRKHU, BRKHW) has called a special meeting for December 9, 2024. At this meeting, shareholders will vote on a proposed deadline extension for the merger with AI computing company Blaize.
If the merger is approved, the combined company will be renamed “Blaize Holdings, Inc.” and listed on the Nasdaq stock exchange under the ticker symbol “BAIZ.” As part of the merger, Blaize shareholders will have their shares converted into BurTech Class A common stock. Existing public warrants (“BRKHW”) will become new warrants of Blaize Holdings, Inc. (“BAIZW”). This merger represents a significant shift for BurTech, transforming it from a blank check company into a player in the AI computing market.
Roth CH Acquisition V Co. and New Era Helium Corp. to Merge, Forming a Leading Helium Producer with AI Data Center Ambitions
November 12, 2024
Merger Vote: Nov 26, 24
Industry:
CRUDE PETROLEUM & NATURAL GAS
Newport Beach, Calif. – Roth CH Acquisition V Co. (Nasdaq: ROCL, ROCLU, ROCLW) and New Era Helium Corp. (NEH) are moving forward with their proposed merger, following the SEC’s declaration of the registration statement effective. A special meeting for ROCL stockholders to vote on the business combination is scheduled for November 26, 2024. This merger will create a publicly traded helium exploration and production company with significant growth potential.
NEH boasts over 400 producing wells in the Permian Basin and has secured long-term “take-or-pay” agreements with international helium buyers. The company is also working towards vertical integration of its helium supply chain and is constructing a helium recovery plant to further enhance production. ROCL believes NEH is a promising investment due to its strong position in a growing market, experienced leadership, and valuable reserves. The estimated post-merger enterprise value is between $130.5 million and $131.6 million.
In a parallel development, NEH has announced a letter of intent to form a joint venture with Sharon AI, a leading AI data center developer. This partnership aims to create a 90MW net-zero energy data center in the Permian Basin, leveraging NEH’s existing natural gas resources and Sharon AI’s expertise in high-performance computing infrastructure. This joint venture represents a strategic move to diversify revenue streams and capitalize on the growing demand for AI-powered data centers. The joint venture will utilize NEH’s natural gas by-product to generate power for the data center, capturing CO2 emissions in the process. This initiative highlights NEH’s commitment to sustainable practices while capitalizing on new opportunities in the rapidly expanding AI market.