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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.
True Velocity, a Texas-based ammunition manufacturer, has announced the launch of its proprietary 6.8 TVC cartridge in the U.S. commercial market by summer 2023. This polymer-cased cartridge meets U.S. military specifications, boasting enhanced accuracy and a 30% weight reduction compared to traditional brass-cased cartridges. True Velocity is collaborating with over a dozen rifle manufacturers to develop compatible weapon systems. The 6.8 TVC cartridge will be available in two configurations, priced at $69.99 for a 20-count box. The company is also merging with Breeze Holdings (NASDAQ: BREZ), with the transaction anticipated to close in Q2 2023.
True Velocity University launches a training program for retail outfitters at over 150 Bass Pro Shops and Cabela’s locations across the U.S. The initiative aims to educate managers and team members about True Velocity’s advanced composite-cased ammunition, its corporate culture, and brand strategy. Following the program, outfitters will be tested on their knowledge. This program is part of a strategic partnership with Bass Pro Shops and Cabela’s, which started in November 2022, enhancing the visibility of True Velocity's products in their stores. Additionally, True Velocity's ammunition boasts advantages such as reduced weight and increased accuracy.
True Velocity, an advanced defense technology company based in Garland, Texas, will showcase its products at SHOT Show 2023 from January 17-20 at the Venetian Expo in Las Vegas. This event follows a strategic partnership announcement with Bass Pro Shops and Cabela’s. True Velocity plans to unveil its new 6.8TVC M240 Conversion Kit, along with various military and commercial ammunition and weapons. The company, which holds around 300 patents, focuses on revolutionizing the ammunition industry with its composite cartridge technology. Additionally, True Velocity is in a business combination with Breeze Holdings (NASDAQ: BREZ), expected to finalize in Q1 2023.
True Velocity, an ammunition manufacturer, featured in a podcast discussing its innovative 6.8TVC cartridge and a strategic retail partnership with Bass Pro Shops and Cabela’s. The composite-cased ammunition promises 30% weight reduction and superior dimensional consistency over traditional cartridges. True Velocity's expanded reach through its partnership includes over 125 retailers and aims to enhance customer access with online subscription services. The business merger with Breeze Holdings (NASDAQ: BREZ) is anticipated to close in Q1 2023, pending regulatory approvals.
True Velocity, an ammunition manufacturer, has partnered with Bass Pro Shops to offer advanced composite-cased ammunition in over 125 retail locations across the U.S. This multi-year partnership includes co-branded marketing efforts for an online subscription service, aiming to deliver ammunition directly to consumers at discounted prices. Additionally, a portion of sales will support the Johnny Morris Conservation Foundation. True Velocity's innovative ammunition features advantages like reduced weight and enhanced accuracy. The partnership coincides with True Velocity's proposed business combination with Breeze Holdings (NASDAQ: BREZ).
Breeze Holdings Acquisition Corp. (Nasdaq: BREZ) has announced a merger with TV Ammo, Inc., aiming to disrupt the ammunition industry using advanced composite materials. Post-transaction, the combined entity is projected to have an enterprise value of approximately $1.2 billion, with $76.8 million in cash. The merger, expected to conclude in Q1 2023, includes a strategic partnership with Bass Pro Shops, allowing distribution across 127 locations. This collaboration aims to enhance market exposure and create a subscription service for customers.
Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) and D-Orbit S.p.A. have mutually terminated their merger agreement, effective immediately, due to changing financial market conditions. Breeze's CEO, J. Douglas Ramsey, emphasized that the decision is in the best interest of both parties' shareholders. Despite this setback, D-Orbit remains optimistic about its growth, having made significant advancements in its operations, including securing 11 additional launch slots with SpaceX and expanding its customer base globally.
D-Orbit has signed a contract with Astrocast to launch and deploy 20 satellites over three years as part of Astrocast's IoT constellation. The first launch is set for November 2022 using SpaceX’s Falcon 9, deploying four 3U satellites into Sun Synchronous Orbit. This partnership is seen as a vital step in enhancing the capabilities of both companies in the space logistics and IoT sectors. D-Orbit's ION Satellite Carrier will manage the launches, expected to strengthen Astrocast’s low-latency nanosatellite network, improving communication for various industries.
D-Orbit, a leader in space logistics, has signed a contract with Kepler Communications for the launch of two 6U telecom satellites, part of Kepler's expanding constellation. The launch is set for the first quarter of 2023, with the satellites to be deployed in a 500-600 km Sun Synchronous Orbit. This partnership aims to enhance inter-satellite communication and improve data transmission for future missions. D-Orbit continues its trajectory towards a proposed business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), further solidifying its market position.
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