UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 30, 2022 (
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Item 7.01. | Regulation FD Disclosure. |
On June 27, 2022, a news article was released stating that BurTech Acquisition Corp. (the “Company”) has entered into a non-binding letter of intent for a potential business combination with JetSynthesys Pvt. Ltd. A copy of the news article is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 and Exhibit 99.1 furnished as part of Item 9.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are being filed herewith:
Exhibit No. | Description | |
99.1 | News Article, dated June 27, 2022. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BURTECH ACQUISITION CORP. | |||
By: | /s/ Shahal Khan | ||
Name: | Shahal Khan | ||
Title: | Chief Executive Officer | ||
Dated: June 30, 2022 |
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Exhibit 99.1
Technology
India’s JetSynthesys Is Said in Talks to Merge With BurTech SPAC
n Transaction to value combined entity at more than $700 million
n SPAC may seek to raise $120 million in additional financing
JetSyntheses has a app named for Sachin Tendulkar, Indian cricket star.
By Gillian Tan
June 27, 2022, 11:31 AM EDT
JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition Corp., according to people with knowledge of the matter.
The two companies have signed a non-binding letter of intent regarding a transaction that values the combined entity at more than $700 million, said the people, who asked not to be identified discussing private talks. BurTech may seek an additional $120 million in new financing to support the deal, one of the people said. Terms could still change and it’s possible that talks collapse.
A representative for Washington-based BurTech declined to comment, as did a JetSynthesys representative.
JetSynthesys, led by Chairman Kris Gopalakrishnan and Chief Executive Officer Rajan Navani, says its aim is “to build world class digital products and platforms with the goal of impacting the lives of 1.3 billion Indians and extending to the world.” The company’s holdings include gaming and e-sports, entertainment and wellness platforms including “Real Cricket,” meditation app ThinkRight.me and “Sachin Saga Cricket Champions,” named for former batsman Sachin Tendulkar, the company’s website shows. JetSynthesys’s minority stake in Nodwin Gaming is set to be included in the transaction, the people said.
BurTech, led by CEO Shahal Khan, raised $287.5 million in a December 2021 initial public offering and said it would focus on finding a target in sectors such as retail, lifestyle, hospitality, technology or real estate.
Other digital media platforms have inked agreements to go public through mergers with special purpose acquisition companies, such as Grindr LLC and Trump Media & Technology Group.
Read more: Grindr to Go Public Via Tiga SPAC at $2.1 Billion Valuation
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