Breeze Holdings Acquisition Corp. Announces Preliminary Vote Tabulations For Upcoming Special Meeting And Provides Update On Business Combination Timeline
Breeze Holdings Acquisition Corp. Announces Preliminary Vote Tabulations For Upcoming Special Meeting And Provides Update On Business Combination Timeline
Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) (the "Company"), today announced that in connection with its upcoming Special Meeting of Stockholders, the Company has already 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 "Proposal"). This is well in excess of the percentage of votes required to approve the Proposal. However, please note that all proxies received by the Company may be revoked at any time before they are exercised at the Special Meeting, which is scheduled to be held on September 22, 2023, at 10:00 a.m. Eastern Time.
Breeze Holdings Acquisition Corp.（纳斯达克股票代码：BREZ）（以下简称 “公司”）今天宣布，在即将举行的股东特别会议上，公司已经收到了占公司已发行股份总额约75.8％的代理人，以批准将公司必须完成业务合并的日期延长至2024年6月26日的提案（“提案”）。这远远超过批准该提案所需的选票百分比。但是，请注意，在定于美国东部时间2023年9月22日上午10点举行的特别会议上，公司收到的所有代理人可以在行使之前随时被撤销。
The purpose of the Proposal is to allow the Company additional time to complete its initial business combination. As previously announced on November 1, 2022, the Company entered into a merger agreement and plan of reorganization (the "Merger Agreement") with TV Ammo, Inc., an advanced technology and composite manufacturing company based in Garland, Texas ("TV Ammo"), pursuant to which a newly-formed wholly-owned subsidiary of the Company will merge with and into TV Ammo, with TV Ammo surviving as a wholly-owned subsidiary of the Company. 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.
该提案的目的是让公司有更多时间完成其初始业务合并。正如先前于2022年11月1日宣布的那样，公司与总部位于德克萨斯州加兰的先进技术和复合材料制造公司TV Ammo, Inc.（“TV Ammo”）签订了合并协议和重组计划（“合并协议”），根据该协议，该公司新成立的全资子公司将与TV Ammo合并并入TV Ammo，TV Ammo作为该公司的全资子公司存续。交易完成后，该公司将更名为 “True Velocity, Inc.”，其普通股预计将在纳斯达克资本市场上市。
In connection with the proposed transaction, the Company intends to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 that will include a proxy statement of the Company and that also will constitute a prospectus of True Velocity, Inc. with respect to the shares of True Velocity, Inc. common stock to be issued in the proposed transaction (the "Proxy Statement/Prospectus"). This document is not a substitute for the Proxy Statement/Prospectus. The definitive Proxy Statement/Prospectus (if and when available) will be delivered to the Company's and TV Ammo's stockholders. The Company may also file other relevant documents regarding the proposed transaction with the SEC.
关于拟议的交易，公司打算在S-4表格上向美国证券交易委员会（“SEC”）提交一份注册声明，其中包括公司的委托书，该声明还将构成True Velocity, Inc.关于将在拟议交易中发行的True Velocity, Inc.普通股的招股说明书（“委托书/招股说明书”）。本文件不能代替委托书/招股说明书。最终的委托书/招股说明书（如果有的话）将交付给公司和TV Ammo的股东。公司还可能向美国证券交易委员会提交有关拟议交易的其他相关文件。
The Company had previously expected the transaction to close in the fourth quarter of 2023. TV Ammo is continuing to prepare financial statements in accordance with the auditing standards of the Public Company Accounting Oversight Board, which process is ongoing and has taken more time than was previously expected. As a result, the Company now anticipates filing the Proxy Statement/Prospectus in the third quarter of 2023 and now expects the transaction to close in the first quarter of 2024, subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals.
该公司此前曾预计该交易将于2023年第四季度完成。TV Ammo继续根据上市公司会计监督委员会的审计准则编制财务报表，该过程仍在进行中，花费的时间比先前的预期要长。因此，该公司现在预计将在2023年第三季度提交委托书/招股说明书，现在预计该交易将在2024年第一季度完成，前提是满足惯例成交条件，包括某些监管部门和股东的批准。