BurTech Acquisition Corp. Faces Delisting Concerns

TL;DR

BRKH might get delisted - big trouble for shareholders.

AI Summary

BurTech Acquisition Corp. filed an 8-K on June 5, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The company, incorporated in Delaware, is involved in the blank checks industry. The filing indicates potential issues with maintaining its listing status.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules for BurTech Acquisition Corp., which could lead to its stock being delisted.

Risk Assessment

Risk Level: high — The filing explicitly mentions a notice of delisting or failure to satisfy continued listing rules, indicating a significant risk to the company's stock market viability.

Key Players & Entities

• BurTech Acquisition Corp. (company) — Registrant
• June 5, 2024 (date) — Filing Date
• June 3, 2024 (date) — Earliest Event Reported Date
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.0001 — , LLC Class A Common Stock, par value $0.0001 per share BRKH The Nasdaq Stock Mar
• $11.50 — r one share of Class A Common Stock for $11.50 per share BRKHW The Nasdaq Stock Ma

Filing Documents

• tm2416536d1_8k.htm (8-K) — 37KB
• tm2416536d1_ex99-1.htm (EX-99.1) — 8KB
• 0001104659-24-068730.txt ( ) — 275KB
• brkh-20240603.xsd (EX-101.SCH) — 4KB
• brkh-20240603_def.xml (EX-101.DEF) — 27KB
• brkh-20240603_lab.xml (EX-101.LAB) — 37KB
• brkh-20240603_pre.xml (EX-101.PRE) — 26KB
• tm2416536d1_8k_htm.xml (XML) — 7KB

01 Notice of Delisting or Failure

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 3, 2024, BurTech Acquisition Corp., a Delaware corporation (the " Company ") received a notification letter (the " Notice ") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") indicating that, as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2024 (the " 10-Q ") with the Securities and Exchange Commission (the " SEC "), the Company was not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule "). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or August 2, 2024, to submit a plan to regain compliance with the Listing Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the 10-Q, or November 8, 2024, to file the 10-Q to regain compliance. The Company will file its 10-Q as soon as practible in order to regain compliance with the Listing Rule, and in any event within the abovementioned time frame.

01 Regulation

Item 7.01 Regulation FD Disclosure. A press release, dated June 5, 2024, disclosing the Company's receipt of the Notice referenced above is attached hereto as Exhibit 99.1. The information furnished in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Cautionary Note Regarding

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "might", "will", "should", "can have", "likely" and similar expressions are used to identify forward-looking future events, which in turn are based on information currently available to the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. These factors include, without limitation, the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company's ability to regain compliance with Listing Rule, the Company's ability to become current with its reports with the SEC, and the risk that the completion and filing of the 10-Q will take longer than expected. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to the Company's filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

01. Financial Statements and

Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 99.1 Press Release, dated June 5, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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 5, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR