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Tuesday, March 1, 2022

Equity Corporate Actions Alert #2022 - 41
Information regarding the redemption of Burgundy Technology Acquisition Corporation (BTAQ/W/U)

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  • Industry Announcement

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Burgundy Technology Acquisition Corporation (BTAQ/W/U) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on March 1, 2022, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Current Company Name & Issue Type: Burgundy Technology Acquisition Corporation Class A Ordinary shares
CUSIP: G1702T116
Symbol: BTAQ
Last Trading Date: March 1, 2022
Marketplace Effective Date for Suspension: March 2, 2022
Redemption rate: Apx $10.05 per Class A Ordinary Share

Current Company Name & Issue Type: Burgundy Technology Acquisition Corporation Warrant
CUSIP: G1702T124
Symbol: BTAQW
Last Trading Date: March 1, 2022
Marketplace Effective Date for Suspension: March 2, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Current Company Name & Issue Type: Burgundy Technology Acquisition Corporation Unit
CUSIP: G1702T132
Symbol: BTAQU
Last Trading Date: March 1, 2022
Marketplace Effective Date for Suspension: March 2, 2022
Redemption rate: Apx $10.05 per Class A Ordinary Share


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