Lucosky Brookman congratulates its client, EF Hutton, division of Benchmark Investments, LLC, on its successful $287.5 million initial public offering of BurTech Acquisition Corp (Nasdaq: BRKHU). The offering consists of 25,000,000 units at $10.00 per unit. Each unit consists of one share of Class A common stock and one redeemable warrant, with each warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The underwriters exercised their over-allotment option in full for an additional 3,750,000 units on December 13, 2021, which closed at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $287.5 million, prior to deducting underwriting discounts, commissions, and other Offering expenses.
