Breeze Holdings Acquisition Corp. and D-Orbit S.p.A. Mutually Agree to Terminate Merger Agreement
IRVING, Texas and FINO MORNASCO, Italy, Aug. 12, 2022 /PRNewswire/ -- Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) ("Breeze Holdings"), a publicly traded special purpose acquisition company, and D-Orbit S.p.A. ("D-Orbit" or the "Company"), a market leading space logistics and transportation company, today announced that the companies have mutually agreed to terminate their previously announced merger agreement ("Agreement"), effective immediately.
- IRVING, Texas and FINO MORNASCO, Italy, Aug. 12, 2022 /PRNewswire/ -- Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) ("Breeze Holdings"), a publicly traded special purpose acquisition company, and D-Orbit S.p.A. ("D-Orbit" or the "Company"), a market leading space logistics and transportation company, today announced that the companies have mutually agreed to terminate their previously announced merger agreement ("Agreement"), effective immediately.
- "However, 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.
- On behalf of Breeze, we wish Luca and the D-Orbit team the best of luck and look forward to cheering on their continued successes.
- About Breeze Holdings Acquisition Corp.
Breeze Holdings 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.