Khan Shahal 4
4 · BurTech Acquisition Corp II · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
BurTech (BRKH) 10% Owner Shahal Khan Acquires 220,000 Private Units
What Happened Shahal M. Khan, identified as a 10% owner through his role as managing member of Burtech Sponsor II LLC (the Sponsor), is associated with a private purchase of 220,000 private units in BurTech Acquisition Corp II (BRKH). The private units were bought at $10.00 per unit for an aggregate $2,200,000. Each private unit consists of one Class A ordinary share and one redeemable warrant (a derivative), so the Sponsor holds 220,000 Class A shares and 220,000 warrants as a result. The filing notes that Mr. Khan disclaims beneficial ownership of the securities held by the Sponsor except to the extent of any pecuniary interest.
Key Details
- Transaction date: 2026-05-26; Filing date: 2026-05-26 (timely file).
- Transaction type: Purchase (code P) — private placement units.
- Price: $10.00 per unit; Aggregate cost: $2,200,000.
- Securities acquired: 220,000 private units (each = 1 Class A ordinary share + 1 redeemable warrant).
- Derivative detail: 220,000 warrants included in the units (recorded separately as derivative acquisition).
- Post-transaction holdings (of the Sponsor): 220,000 private units (220,000 shares + 220,000 warrants).
- Footnotes: Mr. Khan is the managing member of the Sponsor and has voting and investment discretion; he disclaims beneficial ownership except for any pecuniary interest. Warrants become exercisable 30 days after completion of the issuer’s initial business combination and expire five years after that completion (subject to adjustment/redemption).
Context This is a sponsor private placement typical for SPAC transactions — units were purchased directly from the issuer rather than on the open market. The warrants are not immediately exercisable; they vest/become exercisable only after the SPAC completes its initial business combination and have a five-year post-combination life. Because the purchase was made by the Sponsor entity and Mr. Khan disclaims beneficial ownership beyond any pecuniary interest, this should be viewed as institutional/sponsor-level activity rather than a direct personal buy by the individual.
Insider Transaction Report
- Purchase
Class A Ordinary Shares
[F1]2026-05-26+220,000→ 220,000 total(indirect: See footnote) - Purchase
Warrants to purchase Class A Ordinary Shares
[F1][F2]2026-05-26+220,000→ 220,000 total(indirect: See footnote)Exercise: $11.50→ Class A Ordinary Shares (220,000 underlying)
Footnotes (2)
- [F1]Reflects the 220,000 private units owned by Burtech Sponsor II LLC, the Issuer's sponsor(the "Sponsor"). Each private unit consists of one Class A ordinary share and one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Placement Units Purchase Agreement, dated May 21, 2026, by and between the Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $2,200,000. Shahal M. Khan is the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Shahal disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F2]The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.