Burtech Acquisition II (BRKH)
Market Price (7/15/2026): $9.88 | Market Cap: $121.3 MilSector: Financials | Industry: Multi-Sector Holdings
Burtech Acquisition II (BRKH)
Market Price (7/15/2026): $9.88Market Cap: $121.3 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -77% | Stock price has recently run up significantly6M Rtn6 month market price return is 352%, 12M Rtn12 month market price return is 242% High stock price volatilityVol 12M is 804% Key risksBRKH key risks include [1] a failure to complete a business combination within the required timeframe, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -77% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 352%, 12M Rtn12 month market price return is 242% |
| High stock price volatilityVol 12M is 804% |
| Key risksBRKH key risks include [1] a failure to complete a business combination within the required timeframe, Show more. |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRKH Return | - | 4% | 6% | 40% | -87% | -43% | -89% |
| Peers Return | 0% | 0% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| BRKH Win Rate | - | 58% | 92% | 92% | 33% | 29% | |
| Peers Win Rate | 80% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| BRKH Max Drawdown | - | - | -2% | -13% | -87% | -56% | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AACP, ACGC, AESP, ALPX, AMAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/14/2026 (YTD)
How Low Can It Go
| Event | BRKH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -55.2% | -18.8% |
| % Gain to Breakeven | 123.4% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
In The Past
Burtech Acquisition II's stock fell -55.2% during the 2025 US Tariff Shock. Such a loss loss requires a 123.4% gain to breakeven.
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| Event | BRKH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -55.2% | -18.8% |
| % Gain to Breakeven | 123.4% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
In The Past
Burtech Acquisition II's stock fell -55.2% during the 2025 US Tariff Shock. Such a loss loss requires a 123.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Burtech Acquisition II (BRKH)
Burtech Acquisition II (BRKH) operates as a Special Purpose Acquisition Company (SPAC), often referred to as a "blank check" company. Unlike typical businesses, Burtech Acquisition II does not currently have any significant operations, products, or services. Its fundamental purpose is to raise capital from investors in order to identify and acquire an existing private company.
The core business of Burtech Acquisition II revolves entirely around executing a business combination. This involves activities such as a merger, capital stock exchange, asset acquisition, or stock purchase, ultimately aiming to bring a private company into the public markets. Essentially, its "service" is providing the vehicle and process for a private entity to become publicly traded.
Burtech Acquisition II is specifically focused on acquiring a business within one of several target markets: the retail, lifestyle, hospitality, technology, and real estate sectors. Therefore, its primary "customers" are the private companies in these industries seeking to access public capital markets, and its investors are those looking to participate in a future combination with such a business.
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- It's like a publicly traded venture capital fund, but focused on finding just one private company to take public through acquisition.
- It's like a publicly traded private equity firm, but it's only looking to buy one company to bring it to the stock market.
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- Business Combination Facilitation: The company's primary function is to identify and complete a merger, acquisition, or similar business combination with an operating company.
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Burtech Acquisition II (BRKH) is a Special Purpose Acquisition Company (SPAC). Based on the provided description, the company does not have significant operations and its primary focus is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Therefore, Burtech Acquisition II does not have major customers in the traditional sense of selling products or services.AI Analysis | Feedback
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Shahal Khan is the founder and CEO of Burkhan World Investments and the CEO and Chairman of Trinity Hospitality Group. He previously led BurTech Acquisition, a special purpose acquisition company (SPAC) that went public in 2021 and completed its business combination with edge computing firm Blaize Holdings in 2025.
Roman Livson, Chief Financial Officer and Director
Roman Livson serves as the CFO of Burkhan World and is the President and Director of Panthers Capital Management. He was also involved with the management of BurTech Acquisition, the prior SPAC.
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The primary risks to Burtech Acquisition II (BRKH), a special purpose acquisition company (SPAC), revolve around its ability to successfully complete a business combination. As the company does not have significant operations, its value is largely tied to identifying and merging with an operating business.
- Failure to complete a business combination within the required timeframe: Burtech Acquisition II faces the risk that it may not complete a business combination by its deadline, or may fail to obtain an extension if needed. Management has expressed substantial doubt about the company's ability to continue as a going concern without a timely business combination within its 15-21 month window.
- Inability to identify or successfully complete a suitable target: The company is currently in the pre-revenue phase, actively searching for a merger target. There is a risk that it may not find or successfully negotiate with a suitable business. Furthermore, the successful completion of a business combination is contingent upon satisfying various conditions, including approval by Burtech Acquisition II's stockholders and obtaining necessary governmental and regulatory approvals.
- Significant shareholder redemptions: A key risk involves the potential for public shareholders to redeem their shares, which could impact the minimum aggregate transaction proceeds available for the business combination. Substantial redemptions could reduce the capital available to the combined entity or even jeopardize the completion of the merger.
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Burtech Acquisition II (BRKH) is a special purpose acquisition company (SPAC) that recently completed its initial public offering in May 2026 and does not currently have significant operations. Its future revenue growth is contingent upon successfully completing a business combination with an operating company. Burtech Acquisition II intends to acquire a business operating in the retail, lifestyle, hospitality, technology, or real estate markets. Therefore, the expected drivers of future revenue growth over the next 2-3 years will stem from the operational success of the yet-to-be-identified acquired entity. Based on the target sectors, potential drivers could include:
- Expansion of Customer Base and Market Share: For an acquired company in any of Burtech Acquisition II's target sectors (retail, lifestyle, hospitality, technology, or real estate), a primary driver of revenue growth would be successfully increasing its customer base and expanding its market share within its specific industry.
- Geographic or Market Segment Expansion: The acquired business could drive revenue growth by expanding into new geographic regions or by targeting underserved market segments, thereby broadening its operational footprint and customer reach.
- Development and Launch of New Products or Services: Particularly relevant for technology and lifestyle companies, but also applicable to retail and hospitality, the introduction of innovative new products or services that meet evolving consumer demands could significantly boost revenue.
- Strategic Acquisitions and Partnerships: Should the acquired company pursue further strategic mergers, acquisitions, or partnerships, these could unlock new revenue streams, enhance market positioning, and create synergistic growth opportunities.
- Leveraging Technological Advancements and Innovation: For a company in the technology sector, or any of the other target industries that can benefit from technological integration, continued innovation, such as adopting AI or enhancing digital platforms, could lead to increased efficiency, new offerings, and expanded revenue.
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Share Issuance
- Burtech Acquisition II completed its initial public offering (IPO) on May 21, 2026, offering 8,000,000 units at $10.00 per unit, which generated gross proceeds of $80,000,000.
- Each unit in the IPO consists of one Class A ordinary share and one redeemable warrant.
- The company also conducted a simultaneous private placement of 252,000 units, raising an additional $2,520,000.
Inbound Investments
- A total of $80,400,000 from the IPO and private placement proceeds was placed into a trust account, specifically earmarked for a future business combination.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.96 |
| Mkt Cap | 0.1 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
| Market Price | $9.95 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 01/31/2022 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $1.74 | $2.63 |
| DMA Trend | down | down |
| Distance from DMA | 470.7% | 277.9% |
| 3M | 1YR | |
| Volatility | 1,605.2% | 805.9% |
| Downside Capture | 814.71 | 387.29 |
| Upside Capture | 1333.78 | 451.11 |
| Correlation (SPY) | 36.5% | 23.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.73 | 2.95 | 4.17 | 2.76 | 2.55 | 0.99 |
| Up Beta | 0.72 | -2.39 | 1.92 | 2.83 | 2.22 | 0.91 |
| Down Beta | 4.30 | 4.93 | 3.74 | 0.01 | 2.58 | 1.29 |
| Up Capture | 156% | 236% | 516% | 513% | 344% | 12% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 8 | 19 | 31 | 57 | 109 | 274 |
| Down Capture | 338% | 431% | 525% | 261% | 187% | 107% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 20 | 29 | 61 | 133 | 295 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRKH | |
|---|---|---|---|---|
| BRKH | 255.9% | 804.3% | 0.97 | - |
| Sector ETF (XLF) | 9.0% | 14.7% | 0.37 | 3.6% |
| Equity (SPY) | 21.7% | 12.6% | 1.28 | 6.2% |
| Gold (GLD) | 20.5% | 27.9% | 0.65 | 7.1% |
| Commodities (DBC) | 27.3% | 18.9% | 1.14 | 4.9% |
| Real Estate (VNQ) | 13.0% | 13.9% | 0.64 | -0.3% |
| Bitcoin (BTCUSD) | -47.0% | 42.7% | -1.37 | 5.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRKH | |
|---|---|---|---|---|
| BRKH | -0.9% | 461.8% | 0.50 | - |
| Sector ETF (XLF) | 10.9% | 18.6% | 0.46 | 2.0% |
| Equity (SPY) | 13.1% | 17.1% | 0.59 | 3.7% |
| Gold (GLD) | 17.2% | 18.4% | 0.76 | 4.5% |
| Commodities (DBC) | 8.6% | 19.5% | 0.33 | 2.9% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | -0.2% |
| Bitcoin (BTCUSD) | 12.8% | 53.4% | 0.42 | 2.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRKH | |
|---|---|---|---|---|
| BRKH | -0.5% | 461.8% | 0.50 | - |
| Sector ETF (XLF) | 13.8% | 22.1% | 0.57 | 2.0% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 3.7% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 4.5% |
| Commodities (DBC) | 6.3% | 18.0% | 0.27 | 2.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | -0.2% |
| Bitcoin (BTCUSD) | 57.3% | 66.2% | 0.97 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 06/22/2026 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 06/22/2026 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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