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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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