Burgundy Technology Acquisition Corporation
NASDAQ Global SelectRecent
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ROIC.AI
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- Burgundy Technology Acquisition Corporation (NASDAQ: BTAQ) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on public and private opportunities in the technology sector; primarily enterprise software or technology-enabled services; targeting companies in Europe, Israel and the United States. The company, founded in 2020 and headquartered in George Town, Cayman Islands, raised $300 million in its initial public offering in August 2020 at $10.00 per unit, with underwriters led by Mizuho; each unit comprising one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share. In February 2022, Burgundy Technology announced it would redeem all outstanding public shares at approximately $10.05 per share and liquidate, having failed to complete an initial business combination within its required 18-month timeframe, ceasing all operations except for winding up by March 2022; its warrants expired worthless while sponsor shares were retained without redemption. As of late 2025, shares continue to trade around $10.04 with a market capitalization of approximately $444 million, reflecting the ongoing status of its trust liquidation process.
Company News
Burgundy Technology Acquisition Corporation Will Redeem Its Public Shares And Will Not Consummate An Initial Business Combination
Burgundy Technology Acquisition Corporation Announces Filing of Quarterly Report on Form 10-Q to Regain Compliance with Nasdaq Listing Requirements
Burgundy Technology Acquisition Corporation Announces Filing of Quarterly Report on Form 10-Q to Regain Compliance with Nasdaq Listing Requirements
Burgundy Technology Acquisition Corporation Receives Notification From Nasdaq Related To Delayed Quarterly Report
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