Burgundy Technology Price, Forecast, Insider, Ratings, Fundamentals & Signals

Grand cayman, cayman islands--(business wire)--burgundy technology acquisition corporation (the “company”) (nasdaq: btaq, btaqu, btaqw), a technology focused special purpose acquisition company, today announced that it will redeem all of its outstanding shares of class a common stock (the “public shares”), effective as of the close of business on march 1, 2022, because the company will not consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (the “articles”). as stated in the company’s s-1 and in the company’s articles, if the company is unable to complete an initial business combination within 18 months, the company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the trust account (less up to $100,000 of interest to pay dissolution expenses and net of taxes payable), divided by the number of then-outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the company’s remaining shareholders and the company’s board of directors, liquidate and dissolve, subject in each case to the company’s obligations under cayman islands law to provide for claims of creditors and the requirements of other applicable law...

Grand cayman, cayman islands--(business wire)--burgundy technology acquisition corporation (nasdaq: btaq) (the “company”), announces that it had filed today its quarterly report on form 10-q for the period ended march 31, 2021 (the “quarterly report”), and as a result has regained compliance with the applicable nasdaq continued listing requirements. the company had previously announced on june 3, 2021 that it had received a notice from the listing qualifications department of the nasdaq stock market (“nasdaq”) indicating that as a result of the company’s failure to timely file the quarterly report, the company no longer complies with the continued listing requirements set forth in nasdaq listing rule 5250(c)(1)...

Grand cayman, cayman islands--(business wire)--burgundy technology acquisition corporation (nasdaq: btaq) (the “company”), today announced it received a notice (the “notice”) on may 28, 2021 from the listing qualifications department of the nasdaq stock market (“nasdaq”) indicating that as a result of the company’s failure to timely file its quarterly report on form 10-q for the period ended march 31, 2021 (the “quarterly report”), the company no longer complies with the continued listing requirements set forth in nasdaq listing rule 5250(c)(1). the notice has no immediate impact on the listing of the company’s securities, which will continue to trade on the nasdaq capital market, subject to the company’s compliance with other applicable continued listing requirements...

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Burgundy Technology Acquisition Corporation (NASDAQ: BTAQ) (the “Company”), announces that it had filed today its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the “Quarterly Report”), and as a result has regained compliance with the applicable Nasdaq continued listing requirements. The Company had previously announced on June 3, 2021 that it had received a notice from the Listing Qualifications Department of The Nasdaq Stock M

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