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Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) is a blank check company established to facilitate mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar business combinations with one or more businesses or entities. As of January 2024, Breeze Holdings is in the process of merging with True Velocity, an advanced defense technology company based in Garland, Texas.
True Velocity, founded in 2010, is renowned for its innovative use of composite materials in the ammunition and armaments industry. The company is a pioneer in the development of composite-cased ammunition, aiming to revolutionize the sector with products that offer unmatched accuracy, repeatability, and reliability. True Velocity’s state-of-the-art facility spans 66,000 square feet and houses advanced manufacturing and process control technologies that ensure top-tier performance and quality.
True Velocity’s product portfolio includes a range of composite-cased ammunition and weapon systems, designed to provide logistical advantages over traditional brass-cased ammunition. The company holds approximately 250 patents pending or issued, covering its products, technologies, and manufacturing processes. Notably, True Velocity’s composite cartridges are designed to offer significant weight reductions and enhanced performance for end-users, including military and law enforcement personnel.
In January 2024, True Velocity is set to showcase its latest innovations at SHOT Show 2024 in Las Vegas. The display will feature advanced composite-cased ammunition in various calibers, cutting-edge weapons, and suppressor technology. The company’s recent addition of Delta P suppressors to its portfolio enables the delivery of complete weapon systems with advanced performance capabilities.
The proposed merger between Breeze Holdings and True Velocity, expected to close in the first half of 2024, will result in Breeze Holdings being renamed “True Velocity, Inc.” and its common stock trading on the Nasdaq Capital Market. This transaction is anticipated to enhance the combined company’s business prospects and financial position, leveraging True Velocity’s innovative technologies and strategic market position.
For more information, visit tvammo.com or contact True Velocity’s EVP of Corporate Communications, Pat Hogan, at press@tvammo.com.
Breeze Holdings Acquisition Corp (OTCQX: BRZH) has entered into a definitive agreement to merge with YD Biopharma , a clinical-stage biopharmaceutical company focusing on cancer prevention diagnostics and exosome-based therapeutics. The combined company, with an estimated enterprise value of nearly $700 million, is expected to be listed on the Nasdaq Capital Market by early 2025.
YD Biopharma has recently obtained patents, technology, and U.S. authorization for core methylation detection of pancreatic cancer, and is in the process of acquiring licenses for breast cancer detection technology. The company also specializes in ophthalmology cellular drug development and serves as a clinical testing drug supplier for Novartis.
The transaction, approved by both companies' boards, aims to provide YD Biopharma with capital to expand production and continue development, approval, and launch of new technologies. The combined company will be led by YD Biopharma's current management team.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH) has announced its approval to trade on the OTCQX Best Market. The company's common stock and warrants, under tickers 'BRZH' and 'BRZHW' respectively, began trading on August 21, 2024. This update follows the termination of a previously planned business combination with TV Ammo, Inc., as reported in a Form 8-K filing on August 9, 2024.
Breeze's management team is actively pursuing a new business combination transaction and has until December 26, 2024 to complete one, as per SEC requirements. The company plans to provide further updates as progress is made in identifying a potential target company.
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