B&R Technology Merger Corp warrants become exercisable at USD 11.5 per share after IPO option exercise
Units and warrants
Each unit includes one Class A ordinary share, plus one-third of one redeemable warrant exercisable at USD 11.5 per share.
Remaining option forfeited
The underwriter forfeited the remaining option to buy up to 1,375,000 additional units.
IPO over-allotment option partially exercised
B&R Technology Merger Corp. closed a partial exercise of its IPO over-allotment option for 3,500,000 additional units at USD 10 per unit.
Gross proceeds rose by USD 35 million, bringing total IPO unit sales to 36,000,000 units for USD 360 million.
