SPACs are back. Or maybe they never really left. B&R Technology Merger Corp., a freshly formed blank-check company, has filed with the SEC to raise $325 million through an initial public offering, with its sights set squarely on the AI technology sector.
The registration statement, filed on July 2, 2026, puts Citigroup in the underwriter seat.
What we know, and what we don’t
B&R Technology Merger Corp. has told investors it plans to focus on AI-related technology acquisitions, but it hasn’t named a specific target company yet. No merger partner. No deal terms.
The S-1 filing lays out the basic framework. The company wants to raise $325 million and deploy that capital into an AI-focused business combination.
