Breeze Holdings Acquisition Corp. Announces Preliminary Vote Tabulations For Upcoming Special Meeting And Provides Update On Business Combination Timeline
Portfolio Pulse from Benzinga Newsdesk
Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) has announced that it has received proxies representing approximately 75.8% of the company's total outstanding shares to approve the proposal to extend the date by which the company must consummate a business combination until as late as June 26, 2024. The company has entered into a merger agreement with TV Ammo, Inc., and upon closing of the transaction, the company will be renamed 'True Velocity, Inc.' and its common stock is expected to trade on the Nasdaq Capital Market. The transaction is now expected to close in the first quarter of 2024.
September 08, 2023 | 12:32 pm
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Breeze Holdings Acquisition Corp. is expected to extend its business combination deadline and is merging with TV Ammo, Inc. The transaction is expected to close in Q1 2024.
The news of the merger and the extension of the business combination deadline is directly related to Breeze Holdings Acquisition Corp. This could potentially increase investor confidence and positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100