Welcome to our dedicated page for Breeze Holdings Acquisition news (Ticker: BREZ), a resource for investors and traders seeking the latest updates and insights on Breeze Holdings Acquisition stock.
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.
D-Orbit has signed a launch contract with Isar Aerospace to utilize their Spectrum launcher for its ION Satellite Carrier. This collaboration aims to enhance D-Orbit's capacity for last-mile space transportation and in-orbit demonstrations of third-party payloads, addressing the rising demand in the space logistics market. D-Orbit has already successfully launched six ION carriers and plans 13 more flights in 2023, increasing its orbital fleet to 22 spacecraft. The company is also in the process of going public through a merger with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ).
D-Orbit has secured a €1,950,343 (about $2 million) contract with the European Space Agency (ESA) under the BOOST program, which supports commercial space transportation. This funding, which covers 80% of the project costs, aims to enhance the production system for D-Orbit's ION Satellite Carrier by implementing lean manufacturing principles. D-Orbit has successfully completed six missions since September 2020 and plans three more for 2022, with 13 scheduled for 2023. The program is set to last 12 months, following a kick-off meeting on May 5, 2022.
D-Orbit has secured 11 launch ports for its ION Satellite Carrier on SpaceX missions in 2023, aligning with its plan to launch 13 IONs this year. This move aims to meet the growing demand for last-mile space transportation and in-orbit testing services. D-Orbit has a successful track record with six IONs launched since September 2020, with more scheduled. The company emphasizes its commitment to expanding its services in the space logistics market, becoming the first certified B-Corp space company globally, and aims to enhance operational efficiencies and reduce costs for satellite deployments.
D-Orbit successfully launched its sixth commercial mission, Infinite Blue, aboard SpaceX’s Transporter-5 on May 25, 2022. The mission deployed ION Satellite Carrier into a 525-kilometer Sun Synchronous Orbit, enhancing D-Orbit's capabilities in space logistics. This mission highlights D-Orbit's growth, having transported over 80 payloads since its first launch in 2020. The company aims to ramp up its launch schedule further, with three additional missions planned for 2022, reinforcing its position as a leader in space logistics.
D-Orbit has partnered with Astralintu Space Technologies to enhance its presence in Latin America and the Caribbean. This collaboration aims to leverage Astralintu's logistics capabilities to expand D-Orbit's commercial outreach.
Renato Panesi from D-Orbit highlighted the strategic importance of this agreement for global expansion. The partnership will integrate Astralintu's S-band ground station into D-Orbit's mission control network, improving operational capabilities and fostering growth in the emerging space economy of the region.
D-Orbit announced the successful completion of its fifth mission, Spacelust, deploying small satellites for Kleos Space. The orbital transfer vehicle, ION Satellite Carrier, achieved a significant milestone by performing a RAAN shift maneuver—a first for an OTV. This maneuver expedited the deployment of Kleos' satellite constellation by several months. Spacelust began on April 1, 2022, with the launch from Cape Canaveral, Florida, and the deployment phase completed on May 9, 2022. The company has four more upcoming missions scheduled for 2022.
Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) announced that its stockholders approved extending the deadline to finalize a business combination with D-Orbit S.p.A. to September 26, 2022. This decision grants Breeze additional time to complete the merger, anticipated to close in Q3 2022. D-Orbit, a leader in space logistics, aims to enhance the space economy with its innovative technologies. The merger will result in D-Orbit becoming the parent company, trading under the ticker 'DOBT' post-transaction.
Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) announced it has achieved a quorum for a Special Meeting of stockholders on May 5, 2022, to vote on extending the transaction deadline with D-Orbit S.p.A. to September 26, 2022. Shareholders are urged to vote 'FOR' this extension. Breeze Holdings' CEO highlighted D-Orbit's successful missions and contracts, projecting confidence in the venture's potential within the new-space economy. The transaction is expected to close in the third quarter of 2022, with the new parent company trading as 'DOBT' on Nasdaq.
D-Orbit announced a subcontract with Beyond Gravity to supply carbon fiber-reinforced polymer (CFRP) tools and structural components for the European Space Agency’s Space Rider project. While financial terms remained undisclosed, D-Orbit will manage Italian suppliers to ensure adherence to industry standards. The Space Rider, designed for various scientific missions, is scheduled for its maiden flight in 2023. This partnership reflects D-Orbit's growing role in the space logistics sector, enhancing its reputation as a pioneer in space infrastructure.
D-Orbit successfully launched its Spacelust mission on April 1, 2022, aboard SpaceX's Transporter-4. This marks the fifth launch of D-Orbit's ION Satellite Carrier, which deployed into a 500 km Sun-synchronous orbit. The mission included satellites for Kleos Space, enhancing their surveillance capabilities, and SPEL, focusing on plant growth studies in space. D-Orbit has four more launches planned for 2022, with the next ION mission scheduled for June. The company is also progressing with a merger with Breeze Holdings (NASDAQ: BREZ).
FAQ
What is the current stock price of Breeze Holdings Acquisition (BREZ)?
What is the market cap of Breeze Holdings Acquisition (BREZ)?
What is Breeze Holdings Acquisition Corp.?
Who is True Velocity?
What recent achievements has True Velocity made?
What is the purpose of the merger between Breeze Holdings and True Velocity?
When is the merger between Breeze Holdings and True Velocity expected to close?
What products does True Velocity offer?
How large is True Velocity’s manufacturing facility?
How many patents does True Velocity hold?
Where can I find more information about True Velocity’s products?
Who can I contact for more information about True Velocity?
