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Blaize Holdings announced a merger with the SPAC BurTech Acquisition Corp. on Dec. 22, 2023, giving the combined company a pro forma enterprise value of $894 million. The transaction is expected to net the company $71 million in proceeds after expenses. Blaize has a capable management team with experience from leading semiconductor manufacturers. Barring the approval of another extension, the company has until December 15, 2024 to complete the business combination.