• Business Combination Facilitation: BRTM's primary function is to identify, acquire, and merge with a private company, thereby taking it public.

Based on the provided company description, B&R Technology Merger (BRTM) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its stated purpose is to effect a business combination with one or more businesses. At this stage, BRTM has not selected any business combination target and has not initiated any substantive discussions with potential targets. As such, it is not currently engaged in operations that involve selling products or services to customers.

Therefore, B&R Technology Merger (BRTM) does not have major customers.

David York, Chairman and Chief Executive Officer

David York is a serial financier and experienced venture capitalist with over four decades of experience. He is the founder and chairman of Top Tier Capital Partners (TTCP), a prominent Silicon Valley venture capital firm. He served as the CEO of Top Tier Capital Partners from 2011 to 2025, during which the firm's assets under management grew to approximately $8 billion. Prior to founding TTCP, he was the CEO of Paul Capital Investments, a subsidiary of Paul Capital Partners, from 2000 to 2011, and led its spinout to form Top Tier Capital Partners in 2011. His Wall Street career spans two decades, including roles as a managing director at Chase H&Q, where he ran the equity capital markets liquidity business, and running venture services for Hambrecht & Quist, a technology-focused investment bank, from 1994 to 1999. He has extensive operational experience, having founded and managed four different trading desks on Wall Street. His investment portfolio encompasses primary and secondary investments across roughly 500 venture funds, resulting in direct and indirect ownership of approximately 12,000 private companies. He is a retired board member of the National Venture Capital Association.

Clark N. Callander, President and Chief Financial Officer

Clark N. Callander has spent most of his 45-year career as a technology investment banker. In June 2003, he co-founded Savvian LLC, an M&A advisory firm, where he led its capital markets advisory practice. He played a key role in the firm's 2008 merger with Japan's GCA Holdings Corp., which became GCA Savvian and was listed on the Tokyo Stock Exchange, remaining in a leadership position until 2019. Earlier in his career, he joined Robertson Stephens in 1993, where he established a new business unit. He currently serves as Chairman of Napster and is also a founder of Albany Road Real Estate Partners LLC, established in 2012, where he is a Managing Partner. He has actively cultivated relationships within the Venture Capital and Private Equity industry.

Steven C. Fletcher, Chief Operating Officer

Steven C. Fletcher is the founder and CEO of Authentic Holdings, a firm specializing in sponsoring SPACs. He is also the founder of Explorer Parent LLC, established in 2018, where he serves as Chief Executive Officer. His previous roles include Director, Chief Executive & Financial Officer at Enterprise 4.0 Technology Acquisition Corp. in 2023, Head-Information Technology Services Banking at Goldman Sachs & Co. LLC, and Head-Digital Media & Software Group at GCA Savvian, Inc. from 2003 to 2018. He has held advisory positions for several other Special Purpose Acquisition Companies (SPACs), including E.Merge Technology Acquisition Corp., Carney Technology Acquisition Corp. II, Epiphany Technology Acquisition Corp., and BioPlus Acquisition Corp.. He is a managing member of the B&R Technology Sponsor LLC (Cayman).

1. Failure to complete an initial business combination. As a blank check company, B&R Technology Merger's primary purpose is to effect a business combination, but it has not yet selected a target or initiated substantive discussions with any potential targets. If the company fails to identify and complete a suitable business combination, it will ultimately liquidate, returning funds to investors.
2. Competition for attractive business combination targets in the technology and AI sector. The company intends to focus on technology growth companies with artificial intelligence (AI) tailwinds. This is a highly competitive sector, and the company faces the risk of intense competition for suitable acquisition targets, potentially leading to inflated valuations or the inability to find a viable partner.
3. Reliance on the management team's expertise and judgment. The company emphasizes its management team's experience and industry relationships as a competitive advantage. The success of B&R Technology Merger heavily depends on the ability of its management team, particularly David York, Clark N. Callander, and Steven C. Fletcher, to identify, evaluate, and successfully execute a business combination.

Heightened regulatory scrutiny on SPACs and a sustained decline in investor confidence in the SPAC market, leading to increased redemption rates and challenges in completing successful business combinations.

Share Issuance

• The company completed its Initial Public Offering (IPO) on July 22, 2026, issuing 32,500,000 units at a price of $10.00 per unit, which generated gross proceeds of $325,000,000.
• On August 24, 2026, the underwriters partially exercised their over-allotment option, resulting in the issuance of an additional 3,500,000 units at $10.00 per unit, raising an extra $35,000,000 in gross proceeds.
• Concurrently with the IPO on July 22, 2026, the company's sponsor purchased 687,500 private placement units for a total of $6,875,000.

Inbound Investments

• Following its IPO and the exercise of the over-allotment option, a total of $360,000,000 from the sale of 36,000,000 units was placed into a U.S. trust account to be used for a future business combination or to redeem public shares.
• The company received $6,875,000 from the sponsor's purchase of private placement units.