- SPAC Breeze Holdings Acquisition( NASDAQ: BREZ ) and space logistics company D-Orbit said Friday they mutually agreed to terminate their previously announced merger agreement.
- J. Douglas Ramsey, the chairman and chief executive of Breeze Holdings said, "the financial markets have changed substantially, and we believe that terminating our merger is in the best interest of both D-Orbit and Breeze shareholders."
- He also said, "Since the outset of our discussions with D-Orbit over a year ago, we have continued to believe in the company's unique value proposition and the innovation inherent in their solutions."
- Recall November 2020, Energy focused SPAC Breeze Holdings Acquisition prices $100M IPO.
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Breeze Holdings Acquisition, D-Orbit terminate merger pact