B&R Technology Merger Corp. — Form S-1

B&R Technology Merger Corp., a Cayman Islands blank-check company, is conducting an IPO of 32.5 million units at $10 per unit ($325M gross proceeds), with Citigroup as underwriter. Each unit contains one Class A ordinary share and 1/3 warrant (exercisable at $11.50). Sponsor B&R Technology Sponsor LLC (Cayman) is purchasing 11.5M founder shares for $25K and 687.5K private placement units at $10/unit ($6.875M). Underwriter has 45-day option to purchase 4.875M additional units at $10. Deferred underwriting discounts total $0.40 per unit, released only upon business combination. The company is structured as a SPAC with 24-month completion window for a qualifying business combination (minimum 80% of trust fund assets).