Appleby is pleased to announce that it acted as Cayman Islands legal counsel to B&R Technology Merger Corp. (B&R), in connection to its initial public offering of 32,500,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $325,000,000.
B&R’s units began trading on July 21, 2026, on the Nasdaq Global Market (Nasdaq) under the ticker symbol “BRTMU”. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of B&R at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “BRTM” and “BRTMW,” respectively.
The Appleby Capital Markets team was led by Partner Alexandra Low, Paralegal Sophia Cunningham and Articled Clerk Emily McIntyre with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.