Breeze Unit = 1C, 1W, 1R (1/20 share)
Trust$101.5 million or approximately $116.7 million if the underwriters’ over-allotment option is exercised in full ($10.15per unit), will be deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee
12 months extendable to 18 at $0.10 per three months.
Closed November 25 2020.
Rights 1/20th share.
Warrants 1 + $11.50 adjust pipe below $9.20. Call $18.
focus on assets used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products in North America.
NORTH RICHLAND HILLS, Texas, Nov. 25, 2020 /PRNewswire/ -- Breeze Holdings Acquisition Corp. (NASDAQ: BREZU) (the "Company") announced today the closing of its initial public offering of 11,500,000 units, which included the full exercise of the underwriters' over-allotment option, at a price to the public of $10.00 per unit. The units began trading on the Nasdaq Capital Market under the symbol "BREZU" on November 23, 2020. Each unit consists of one share of common stock, one right and one redeemable warrant. Each right entitles the holder thereof to receive one-twentieth (1/20) of one share of common stock upon the consummation of an initial business combination and each warrant entitles the holder to purchase one share of common stock for $11.50 per share.
Once the securities comprising the units begin separate trading, the common stock, rights and warrants are expected to be traded on the Nasdaq Capital Market under the symbols "BREZ", "BREZR" and "BREZW", respectively.
I-Bankers Securities, Inc. was the sole book-running manager of the offering and Northland Capital Markets acted as co-manager of the offering.
Schiff Hardin LLP acted as counsel to the Company and Loeb & Loeb LLP acted as counsel to the underwriters.
The offering was made only by means of a prospectus. Copies of the prospectus related to this offering may be obtained from I-Bankers Securities, Inc. at 535 5th Ave., 4th Floor, New York, NY 10017.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission ("SEC") on November 23, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Breeze Holdings Acquisition Corp.
Breeze Holdings Acquisition Corp. 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 combination with one or more businesses or entities. It intends to focus on a business combination with a company in the energy industry in North America.