Breeze Holdings Acquisition Corp. Provides Update on Trading Status and Potential Business Combination
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.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH) ha annunciato la sua approvazione per il trading sul mercato OTCQX Best. Le azioni ordinarie e i warrant della società, sotto i ticker 'BRZH' e 'BRZHW' rispettivamente, hanno iniziato a essere scambiate il 21 agosto 2024. Questo aggiornamento segue la terminazione di una precedente combinazione di affari pianificata con TV Ammo, Inc., come riportato in un deposito Form 8-K il 9 agosto 2024.
Il team di gestione di Breeze sta attivamente cercando una nuova transazione di combinazione aziendale e ha tempo fino al 26 dicembre 2024 per completarla, secondo i requisiti della SEC. La società prevede di fornire ulteriori aggiornamenti man mano che procederà nell'individuazione di un potenziale obiettivo aziendale.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH) ha anunciado su aprobación para operar en el mercado OTCQX Best. Las acciones ordinarias y los warrants de la compañía, bajo los símbolos 'BRZH' y 'BRZHW' respectivamente, comenzaron a cotizar el 21 de agosto de 2024. Esta actualización sigue a la finalización de una combinación de negocios previamente planeada con TV Ammo, Inc., como se reportó en un archivo de Formulario 8-K el 9 de agosto de 2024.
El equipo de gestión de Breeze está buscando activamente una nueva transacción de combinación empresarial y tiene hasta el 26 de diciembre de 2024 para completarla, según los requisitos de la SEC. La compañía planea proporcionar más actualizaciones a medida que avancen en la identificación de una posible empresa objetivo.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH)는 OTCQX Best 마켓에서 거래를 승인받았다고 발표했습니다. 회사의 보통주 및 워런트는 각각 'BRZH' 및 'BRZHW'라는 티커 아래에서 2024년 8월 21일부터 거래를 시작했습니다. 이 업데이트는 2024년 8월 9일에 제출된 Form 8-K 보고서에 따라 TV Ammo, Inc.과의 이전 계획된 사업 결합이 종료된 것을 따릅니다.
Breeze의 경영팀은 새로운 사업 결합 거래를 적극적으로 추구하고 있으며 SEC 요구사항에 따라 2024년 12월 26일까지 완료해야 합니다. 회사는 잠재적 목표 회사를 식별하는 과정에서 진행 상황에 따라 추가 업데이트를 제공할 계획입니다.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH) a annoncé son approbation pour négocier sur le marché OTCQX Best. Les actions ordinaires et les bons de souscription de la société, sous les symboles 'BRZH' et 'BRZHW' respectivement, ont commencé à être échangées le 21 août 2024. Cette mise à jour fait suite à l'annulation d'une combinaison d'affaires précédemment prévue avec TV Ammo, Inc., comme indiqué dans un dépôt de Formulaire 8-K le 9 août 2024.
L'équipe de direction de Breeze recherche activement une nouvelle transaction de combinaison d'entreprises et a jusqu'au 26 décembre 2024 pour en finaliser une, conformément aux exigences de la SEC. La société prévoit de fournir d'autres mises à jour au fur et à mesure des progrès réalisés dans l'identification d'une entreprise cible potentielle.
Breeze Holdings Acquisition Corp. (OTCQX: BRZH) hat die Genehmigung zum Handel im OTCQX Best Market bekannt gegeben. Die Stammaktien und Warrants des Unternehmens unter den Ticker-Symbolen 'BRZH' und 'BRZHW' begannen am 21. August 2024 mit dem Handel. Dieses Update folgt der Beendigung einer zuvor geplanten Unternehmensverknüpfung mit TV Ammo, Inc., wie in einer Form 8-K Einreichung vom 9. August 2024 berichtet wurde.
Das Management-Team von Breeze strebt aktiv eine neue Unternehmenskombinationstransaktion an und hat gemäß den Anforderungen der SEC bis zum 26. Dezember 2024 Zeit, um eine abzuschließen. Das Unternehmen plant, weitere Updates bereitzustellen, während Fortschritte bei der Identifizierung eines potenziellen Zielunternehmens erzielt werden.
- Approval to trade on OTCQX Best Market, potentially increasing visibility and liquidity
- Active pursuit of new business combination opportunities
- Termination of previously planned business combination with TV Ammo, Inc.
- time (until December 26, 2024) to complete a new business combination
Breeze Holdings' move to the OTCQX Best Market is a mixed signal for investors. While it provides continued market access, it's a step down from major exchanges, potentially indicating financial or compliance challenges. The termination of the TV Ammo deal is a significant setback, leaving Breeze without a clear path forward. With only 4 months left until their SEC deadline, the pressure is mounting to find a new target. This tight timeline could lead to hasty decisions or unfavorable terms in future negotiations. Investors should be cautious, as the company's future remains highly uncertain. The lack of a concrete business plan and the looming deadline create substantial risk.
The transition to OTCQX, while maintaining market presence, suggests a decline in Breeze's market position. This move often indicates reduced liquidity and investor interest. The failed merger with TV Ammo highlights the challenges in the SPAC market, reflecting broader trends of increased scrutiny and deal cancellations. With December 26, 2024 as the deadline, Breeze faces a shrinking window to secure a deal. This time pressure could lead to less favorable terms or a rushed due diligence process. Investors should monitor for any signs of desperation in future announcements, as the company races against time to avoid liquidation.
The termination of the TV Ammo deal raises legal and regulatory concerns. Breeze must now navigate the complexities of finding a new target while ensuring compliance with SEC regulations. The December 26, 2024 deadline is crucial, as failing to complete a business combination by this date could result in forced liquidation. This scenario would trigger the return of funds to shareholders, potentially at a loss. The move to OTCQX, while providing a trading platform, also signals reduced regulatory oversight compared to major exchanges. Investors should be aware of the increased legal risks associated with companies trading on over-the-counter markets, including potential for reduced transparency and reporting requirements.
IRVING, Texas, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Breeze Holdings Acquisition Corp. (OTCQX: BRZH) (“Breeze” or the “Company”), has been informed its application to trade on the OTCQX Best Market has been approved. As a result, the Company’s common stock and warrants under the tickers “BRZH” and “BRZHW,” respectively, have begun trading on the OTCQX, effective today, August 21, 2024.
On August 9, 2024, Breeze filed a Current Report on Form 8-K with the Securities and Exchange Commission (the “SEC”) announcing that TV Ammo, Inc. terminated the business combination with Breeze. It remains the intention of the Company to continue pursuing a business combination transaction, and the Company anticipates providing additional updates on this matter as the management team makes progress identifying a potential target company. As of today, Breeze’s current deadline with the SEC to complete a business combination is December 26, 2024.
About Breeze Holdings Acquisition Corp.
Breeze Holdings is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combinations with one or more businesses or entities.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contacts:
Breeze Holdings Acquisition Corp.
Investor Relations
Cody Slach and Cody Cree
Gateway Group
(949) 574-3860
BREZ@gateway-grp.com
FAQ
What is Breeze Holdings Acquisition Corp's new trading status?
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