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Breeze Holdings Acquisition Corp. - BREZ STOCK NEWS

Welcome to our dedicated page for Breeze Holdings Acquisition news (Ticker: BREZ), a resource for investors and traders seeking the latest updates and insights on Breeze Holdings Acquisition stock.

Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) is a blank check company established to facilitate mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar business combinations with one or more businesses or entities. As of January 2024, Breeze Holdings is in the process of merging with True Velocity, an advanced defense technology company based in Garland, Texas.

True Velocity, founded in 2010, is renowned for its innovative use of composite materials in the ammunition and armaments industry. The company is a pioneer in the development of composite-cased ammunition, aiming to revolutionize the sector with products that offer unmatched accuracy, repeatability, and reliability. True Velocity’s state-of-the-art facility spans 66,000 square feet and houses advanced manufacturing and process control technologies that ensure top-tier performance and quality.

True Velocity’s product portfolio includes a range of composite-cased ammunition and weapon systems, designed to provide logistical advantages over traditional brass-cased ammunition. The company holds approximately 250 patents pending or issued, covering its products, technologies, and manufacturing processes. Notably, True Velocity’s composite cartridges are designed to offer significant weight reductions and enhanced performance for end-users, including military and law enforcement personnel.

In January 2024, True Velocity is set to showcase its latest innovations at SHOT Show 2024 in Las Vegas. The display will feature advanced composite-cased ammunition in various calibers, cutting-edge weapons, and suppressor technology. The company’s recent addition of Delta P suppressors to its portfolio enables the delivery of complete weapon systems with advanced performance capabilities.

The proposed merger between Breeze Holdings and True Velocity, expected to close in the first half of 2024, will result in Breeze Holdings being renamed “True Velocity, Inc.” and its common stock trading on the Nasdaq Capital Market. This transaction is anticipated to enhance the combined company’s business prospects and financial position, leveraging True Velocity’s innovative technologies and strategic market position.

For more information, visit tvammo.com or contact True Velocity’s EVP of Corporate Communications, Pat Hogan, at press@tvammo.com.

Rhea-AI Summary
Breeze Holdings Acquisition Corp. (BREZ) received a notification from Nasdaq granting continued listing on the exchange. The Company must complete its initial business combination by May 28, 2024, to comply with Nasdaq's rules.
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Breeze Holdings Acquisition Corp. (BREZ) and TV Ammo, Inc. to participate in the 36th Annual ROTH Conference to showcase their innovative technologies in the ammunition and weapons industry. Doug Ramsey, Chairman and CEO of Breeze Holdings, will engage with institutional investors for potential partnerships and investments.
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Breeze Holdings Acquisition Corp. and TV Ammo, Inc. announce the filing of a registration statement with the SEC for a merger agreement, creating True Velocity, Inc. to revolutionize the ammunition industry. The business combination is expected to close in the second quarter of 2024, subject to regulatory and stockholder approvals.
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True Velocity and FN America are close to completing a 6.8TVCM conversion kit for the M240 machine gun, offering a 50% increase in effective range and a 30% reduction in ammunition weight. The U.S. Army has tested over 700,000 rounds of the 6.8TVCM cartridge, which meets or exceeds Army requirements. The 'switch-barrel' capability is expected to be available for defense procurement in Q4 2024.
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True Velocity, a Texas-based advanced defense technology company, will be showcasing its advanced, composite-cased ammunition, weapons, and suppressor technology at SHOT Show 2024. The company aims to unveil new and innovative technology for the defense, law enforcement, and civilian shooting markets, including the addition of Delta P suppressors to its portfolio. True Velocity utilizes 21st Century manufacturing and process control technologies to ensure the utmost performance and quality, with distributive manufacturing opportunities worldwide. Products on display include military and commercial ammunition, military weapons, and suppressors.
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Breeze Holdings Acquisition Corp. has received proxies representing 75.8% of outstanding shares to extend the business combination date. The proposed merger with TV Ammo is expected to close in Q1 2024, with the Company being renamed True Velocity, Inc. and trading on Nasdaq. The Company anticipates filing the Proxy Statement/Prospectus in Q3 2023.
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Texas-based ammunition manufacturer True Velocity has acquired advanced suppressor technology company Delta P Design. This strategic acquisition strengthens True Velocity's portfolio of American-made advanced, lightweight ammunition technology and next-generation weapon systems. True Velocity aims to provide superior ammunition, weapons, and suppressors, all made in America.
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FAQ

What is Breeze Holdings Acquisition Corp.?

Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) is a blank check company formed to facilitate mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar business combinations.

Who is True Velocity?

True Velocity is an advanced technology and composite manufacturing company based in Garland, Texas, specializing in composite-cased ammunition and innovative weapon systems.

What recent achievements has True Velocity made?

True Velocity plans to showcase its advanced composite-cased ammunition and cutting-edge weapons at SHOT Show 2024. The company has also integrated Delta P suppressors into its product line.

What is the purpose of the merger between Breeze Holdings and True Velocity?

The merger aims to combine Breeze Holdings' acquisition capabilities with True Velocity’s innovative technologies, enhancing the business prospects and financial position of the combined entity.

When is the merger between Breeze Holdings and True Velocity expected to close?

The merger is expected to close in the first half of 2024, subject to customary closing conditions, including regulatory and shareholder approvals.

What products does True Velocity offer?

True Velocity offers composite-cased ammunition, advanced weapon systems, and suppressors designed to enhance performance and reliability for military and law enforcement applications.

How large is True Velocity’s manufacturing facility?

True Velocity’s manufacturing facility spans 66,000 square feet and is equipped with advanced manufacturing and process control technologies.

How many patents does True Velocity hold?

True Velocity holds approximately 250 patents pending or issued, covering its products, technologies, and manufacturing processes.

Where can I find more information about True Velocity’s products?

For more information about True Velocity’s products, visit their website at tvammo.com.

Who can I contact for more information about True Velocity?

For more information, contact True Velocity’s EVP of Corporate Communications, Pat Hogan, at press@tvammo.com.

Breeze Holdings Acquisition Corp.

Nasdaq:BREZ

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