B&R Technology Merger Corp. raises total IPO proceeds to $360 million

B&R Technology Merger Corp. said the underwriter partially exercised its over-allotment option, purchasing 3.5 million additional units at $10 each and generating $35 million in extra gross proceeds. The transaction increased the company’s total IPO sales to 36 million units and total gross proceeds to $360 million, while the underwriter forfeited its remaining option to purchase up to 1.375 million units. Each unit includes one Class A ordinary share and one-third of a redeemable warrant; each whole warrant allows its holder to buy one Class A ordinary share for $11.50. The shares and warrants are expected to trade separately on Nasdaq under BRTM and BRTMW, respectively. Citigroup served as sole book-running manager, and the SEC registration statement became effective July 20, 2026.

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B&R Technology Merger Corp. raises total IPO proceeds to $360 million - CoinPost Terminal