B&R Technology Merger Corp.BRTM
Cash in trust
—
Not yet disclosed
Trust per share
—
Redemption value
IPO
Jul 2026
—
Combination deadline
—
Not disclosed
Filings on record
23
Latest Sep 2, 2026
Overview
B&R Technology Merger Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002131350. It completed its initial public offering in Jul 2026. Class A shares trade under the ticker BRTM, units under BRTMU. The vehicle is sponsored by B&R Technology through B&R Technology Sponsor LLC. The mandate targets technology, industrials. IPO closed, trust funded, no definitive agreement announced.
“We intend to focus on the technology industry and technology-enabled companies, where we have deep and sustained knowledge and expertise including next generation communication infrastructure, AI software and infrastructure and data optimization.”
Reading the filings
Arithmetic on what B&R Technology Merger Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Sponsor record
B&R Technology has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
Citigroup led the offering. It has been named on 123 SPAC IPOs, book-running 87 of them, and 12.4% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Scores
Recomputed 4m agoThree readings of B&R Technology Merger Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
ModerateHow much attention is this vehicle attracting right now?
28/100
- Filing activity56
3 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
54/100
- Lead bank record24
12.4%
- Bank franchise98
123 SPAC mandates
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on B&R Technology Merger Corp.
Last 90 daysNews sentiment
PositiveAcross 1 recent story, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- 10-Q
Quarterly report
Accession 0001193125-26-380410
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-368535
- 8-K
Other events
Items 3.02, 8.01, 9.01 · Accession 0001193125-26-365186
- 4/A
4/A
Accession 0001193125-26-333412
- 3/A
3/A
Accession 0001193125-26-333401
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001193125-26-326166
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001193125-26-324204
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-322361
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-26-321211
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-314704
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001193125-26-312808
- 424B4
Final IPO prospectus
Accession 0001193125-26-310471
- EFFECT
Notice of effectiveness
Accession 9999999995-26-002365
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309320
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309091
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309087
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309085
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309084
- 3
Initial statement of beneficial ownership
Accession 0001193125-26-309075
- CERT
Exchange listing certification
Accession 0001354457-26-000702
- 8-A12B
Registration of securities on an exchange
Accession 0001193125-26-308635
- S-1
Registration statement for the initial public offering
Accession 0001193125-26-294964
- DRS
Draft registration statement (confidential)
Accession 0001193125-26-262727
B&R Technology Merger Corp.: questions answered
What is B&R Technology Merger Corp. (BRTM)?
B&R Technology Merger Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002131350. It completed its initial public offering in Jul 2026. Class A shares trade under the ticker BRTM, units under BRTMU. The vehicle is sponsored by B&R Technology through B&R Technology Sponsor LLC. The mandate targets technology, industrials. IPO closed, trust funded, no definitive agreement announced.
How much does B&R Technology Merger Corp. hold in trust?
No trust balance has been disclosed in a filing we have indexed for B&R Technology Merger Corp.. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must B&R Technology Merger Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if B&R Technology Merger Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in B&R Technology Merger Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does B&R Technology Merger Corp. trade under?
Class A shares trade as BRTM, the units as BRTMU. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for B&R Technology Merger Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors B&R Technology Merger Corp., and what is their track record?
B&R Technology Sponsor LLC is the sponsor entity, part of the B&R Technology franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: David York.
Which banks underwrote the B&R Technology Merger Corp. IPO?
Citigroup. Citigroup was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is B&R Technology Merger Corp. tradeable, and where?
Our market-data provider returns no quote for BRTM. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is B&R Technology Merger Corp. a good investment?
That is not a question this site answers. B&R Technology Merger Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this B&R Technology Merger Corp. data come from?
Filings B&R Technology Merger Corp. submitted to the SEC under CIK 0002131350: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
B&R Technology: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Citigroup in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.