CERAF - Breeze Holdings to hold meeting next week to extend deadline to complete SPAC

SPAC Breeze Holdings (NASDAQ:BREZ), which agreed to take space logistics company D-Orbit in January,  announced that it achieved a achieved a quorum to hold a special meeting next Thursday to extend the date it needs to complete a transaction to Sept. 26. The proposed transaction with D-Orbit remains on track to close in Q3. Breeze (BREZ) said stockholders who have submitted proxies to date "overwhelmingly" voted in support of the extension to be voted on at the special meeting, according to a statement.  It's expected that the extension will be approved. D-Orbit will join related companies such as Richard Branson's Virgin Orbit Holdings (VORB), which went public in December through a SPAC transaction, and also space companies including Astra Space (ASTR) and Rocket Lab (RKLB) and others that have come public through SPAC deals. Last month, Ceres Acquisition (OTCQX:CERAF), which announced a non-binding LOI with Maritime Launch Services,  extended a deadline to complete a SPAC deal.

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Breeze Holdings to hold meeting next week to extend deadline to complete SPAC