Blaize, Inc. and BurTech Acquisition Corp. announce the closing of the Investing.com business combination

WASHINGTON & EL DORADO HILLS, Calif.–( BUSINESS WIRE )–BurTech Acquisition Corp . (BurTech) (NASDAQ: BRKH ), a public special purpose acquisition company, and Blaize, Inc. (Blaize), a provider of purpose-built artificial intelligence (AI)-enabled edge computing solutions, today announced the completion of their previously announced business combination (the Business Combination). The combined company will operate under the name Blaize Holdings, Inc. and will begin trading on Nasdaq under the symbols BZAI and BZAIW on January 14, 2025. The business combination, approved at a special meeting of BurTech shareholders on December 23, 2024, begins a new era in Blaize’s growth in bringing artificial intelligence to the edge.

The business combination marks a major milestone for Blaize as it continues to build its transformative new computing solution that unites silicon and edge-to-core AI optimization software. Blaize has strong appeal with more than $400 million in qualified pipeline that it expects to engage in 2025 and a global footprint with Tier 1 supply chain relationships.

Today marks an exciting milestone in Blaize’s journey to launch the next generation of computing, said Dinakar Munagala, CEO of Blaize. Edge computing based on artificial intelligence is the future due to its low power consumption, low latency, cost effectiveness and data privacy benefits. Blaize is well positioned with our complete hardware and software solution dedicated to edge computing.

We are pleased to announce the successful completion of our merger, marking a significant milestone in the creation of value for our shareholders, said Shahal Khan, CEO and Chairman of BurTech. AI-powered edge computing is redefining what’s possible across a wide range of sectors, from security and surveillance to enterprise edge AI to autonomous systems. We are very excited to partner with Blaize as it delivers the next generation of computing.

advisors

Norton Rose Fulbright US LLP and Loeb & Loeb LLP acted as legal advisors to BurTech. Jefferies served as capital markets advisor to BurTech and was represented by Kirkland & Ellis LLP. Latham & Watkins LLP acted as legal counsel to Blaize. KeyBanc Capital Markets served as strategic advisor to Blaize and Sidley Austin LLP acted as legal advisor to KeyBanc Capital Markets. In addition, DA Davidson & Co., Rosenblatt Securities and Roth Capital Partners (WA:), LLC acted as capital markets advisor to Blaize and Blueshirt Capital Advisors serves as investor relations advisor to Blaize.

About BurTech

BurTech (NASDAQ: BRKH) is a special purpose acquisition firm dedicated to partnering with exceptional companies and providing them with the resources and expertise to succeed in the public market. With a focus on delivering long-term shareholder value and supporting innovative companies, BurTech is committed to creating success stories in the technology industries. With steadfast shareholders, a solid financial foundation and an unyielding commitment to innovation, BurTech is a visionary force in the technology world.

About Blaize

Blaize offers a suite of full-stack programmable processor architectures and a low-code/no-code software platform that enables AI processing solutions for high-performance computing at the network edge and in the data center. Blaize solutions provide real-time insights and decision-making capabilities with low power consumption, high efficiency, minimal size and low cost. Blaize has raised over $330 million from strategic investors such as DENSO (OTC: ), Mercedes-Benz (OTC: ) AG, Magna and Samsung (KS: ) and financial investors such as Franklin Templeton, Temasek, GGV, Bess Ventures , BurTech LP LLC, Rizvi Traverse and Ava Investors. Headquartered in El Dorado Hills (CA), Blaize has more than 200 employees worldwide with teams in San Jose (CA) and Cary (NC), and offices in Hyderabad (India), Leeds and Kings Langley (UK) and Abu Dhabi (UAE).

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended (the Securities Act) and Section 21E of the US Securities Exchange Act of 1934. , as amended (the Exchange Act) to be based on beliefs and assumptions and information currently available to Blaize, including statements about Blaize’s business plans and growth strategies, market opportunities, customers and financial prospects. In some cases, you can identify forward-looking statements by the following words: may, will, could, would, should, expect, intend, plan, predict, believe, estimate, anticipate, project, potential, continue, ongoing, target, requires either the negative or plural form of these words or other similar expressions that are predictions or indicate future events or prospects, although all forward-looking statements do not contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the expected benefits from the business merger have not been realized; (iii) ability to meet listing standards following completion of the business combination; (iv) the risk that the Business Combination disrupts Blaize’s current plans and operations as a result of the completion of the Business Combination; (v) failure to realize the expected benefits of the business combination, which may be affected by, among other things, competition, the combined company’s ability to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vi) costs associated with the business combination; (vii) changes in applicable laws or regulations; (viii) the outcome of any legal proceedings that may be brought against Blaize; (ix) the effects of competition on Blaize’s future business; (x) the ability of the combined company to issue equity or equity-related securities or obtain debt financing; (xi) the enforceability of Blaize’s intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and potential infringement of the intellectual property rights of others; and (xii) those factors discussed under the heading Risk Factors in the definitive proxy statement/prospectus filed by Blaize Holdings, Inc. on December 6, 2024. and other documents that Blaize Holdings, Inc. has filed or will file with the SEC . Nothing in this communication should be considered a representation by any person that the forward-looking statements made herein will be achieved or that any of the results anticipated by such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Blaize undertakes no obligation to update these forward-looking statements.

See the original version on businesswire.com: https://www.businesswire.com/news/home/20250109306974/en/

Media contact:
Leo Merle
Blaize
info@blaize.com

Mark Roberts
Blueshirt Group for Blaize
ir@blaize.com

Source: Blaize, Inc.