Posted 12/22/2023, 8:28:00 PM
AI Company Blaize to Go Public in $894M SPAC Merger
- Blaize, an AI company, will go public via a merger with a SPAC called BurTech Acquisition Corp
- Blaize provides AI solutions for industries like automotive, retail, security, etc.
- The deal values the combined company at $894 million and will raise minimum proceeds of $71 million
- Blaize has previously raised $224 million from investors including Mercedes Benz, Magna, and Samsung
- The deal is expected to close in Q2 2024, with the combined company renamed as Blaize Holdings