BurTech Acquisition and CleanBay Renewables signed a letter of intent for a potential business combination.
CleanBay is a late-stage enviro-tech company focused on the production of sustainable renewable natural gas, green hydrogen and natural controlled-release fertilizer.
The proposed transaction values CleanBay at $330 million. The BurTech trust account currently holds approximately $294 million. BurTech expects to announce additional details regarding the proposed business combination when a definitive merger agreement is executed in the second quarter. Read more.
Source: BurTech Acquisition and CleanBay Renewables Ink Letter of Intent for Potential 0M Deal