BREZ
Breeze Holdings Acquisition Corp
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Reddit Posts
BREZ question. I don't know shit about @#$% I just follow you and other degens and lose money but is the correct and wut mean?? 1 ONE total volume?
$BREZ 1.7mm float with options - NAV protected at $10.35
$BREZ - 1,7 million float. Lowest Nav spac float with options EVER. Huge Squeeze Potential With 4% Downside Risk & MASSIVE Upside🚀
$BREZ - 1,7 million float. Lowest Nav spac float with options EVER. Huge Squeeze Potential With 4% Downside Risk & MASSIVE Upside🚀🚀
BREZ 1,7M FLOAT, The Lowest NAV Spac Float With Options EVER - Huge Squeeze Potential With 4% Downside Risk & MASSIVE Upside🚀🚀
BREZ has the best risk/reward for SPACs since CCIV in 2021 at $12, low float with huge call OI for May + gamma squeeze potential
I scraped r/SPACs for the top ticker mentions in the last 24H. Here are the results (Monday May 09, 2022)
NAV guaranteed gamma squeeze play. Low Risk opportunity. $BREZ / D-Orbit going to the moon (excuse the pun)
Breeze Holdings Acquisition Corp. (BREZ): Merger deadline approaching
Mentions
BREZ has until June 26 to complete the merger, or else they will need to ask for another extension. NASDAQ [granted BREZ until May 28](https://www.sec.gov/Archives/edgar/data/1817640/000121390024024414/ea020223501-8k425_breeze.htm#:~:text=subject%20to%20the%20Company%20completing%20its%20initial%20business%20combination%20prior%20to%20May%2028%2C%202024) to complete the business combination. "[In the event the Business Combination is not closed by May 28, 2024](https://www.sec.gov/Archives/edgar/data/1817640/000121390024028925/brez-20231231.htm#:~:text=In%20the%20event%20the%20Business%20Combination%20is%20not%20closed%20by%20May%2028%2C%202024), the Company's common stock, rights and warrants will trade over-the-counter until such time as the Business Combination is completed." "[If the Business Combination is not completed by June 26, 2024](https://www.sec.gov/Archives/edgar/data/1817640/000121390024028925/brez-20231231.htm#:~:text=If%20the%20Business%20Combination%20is%20not%20completed%20by%20June%2026%2C%202024), the Company will seek shareholder approval to extend the date by which the Business Combination must be completed. " KWAC did that, they were delisted by the NYSE ( for falling below the market cap level ), went to OTC, completed the business combination with Binah Capital Group and uplisted back to NASDAQ. But BREZ and especially TV Ammo have not displayed the ability to get anything done in a timely manner, and as you say, seems like an odd time to start betting they will.
$BREZ is one of the few times I decided to play rights instead of warrants. I'm up 100%, but would be 250% if I did warrants instead.
BREZ warrants is over $1 now. I haven't looked in a while since it was not moving much in the 50 cent area. The warrants were my go to play when I had extra cash and didn't any other plays. Never got my full order but I always made some profit. Can't believe it went to 1.40.
BREZ is merging with True Velocity Ammo. May not be instantly recognisable to everyone but if you're a shooter you've likely heard the name. I think it's only a matter of time before they score a government contract too. Worth looking into.
BREZR rights up quite a bit also, 1:20 ratio rights at 24 cents on good volume. Guess folks are expecting BREZ to really get this deal down my May 28.
[Breeze Holdings Acquisition Corp. Announces Nasdaq Panel Approval for Continued Listing to Complete Initial Business Combination by May 28, 2024](https://www.globenewswire.com/news-release/2024/03/20/2849794/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Nasdaq-Panel-Approval-for-Continued-Listing-to-Complete-Initial-Business-Combination-by-May-28-2024.html) \- BREZ BREZR BREZW BREZ has a little over two months to complete the business combination. True Velocity ( ***finally !!*** ) filed the [S-4 for the business combination](https://www.sec.gov/edgar/browse/?CIK=2011674&owner=exclude) on February 14; no amendments to that filed yet.
We need that space trucking biz that BREZ initially had a deal with
Breeze Holdings Acquisition Corp filed an 8-K after market close today, to disclose amendments to the merger agreement, sponsor support agreement and other agreements. "[The aggregate consideration to be received](https://www.sec.gov/Archives/edgar/data/1817640/000121390024015851/ea0200413-8k425_breeze.htm#:~:text=The%20aggregate%20consideration%20to%20be%20received) by the equity holders of TV Ammo is based on a pre-transaction equity value of **$1,185,234,565**, which results in a combined company equity value of $**1,239,286,525**." To review, in the [S-4 filed last week](https://www.sec.gov/Archives/edgar/data/2011674/000121390024014181/fs42023_truevelocity.htm), TV Ammo financials were revealed: TV Ammo **Net sales (revenue)**; ( pages 39 or F-3 -> F-6 ) 2021: $6.875 Million 2022: $1.184 Million Nine months ended September 30, 2023: $487,000 **Net loss**: 2021: ( $55.9 ) Million 2022: ( $88.3 ) Million Nine months ended September 30, 2023: ( $20.7 ) million $1.2 ***billion*** valuation for a company with total revenues well under $2 ***million*** in 2022 and 2023 ? And warrants for this deal are trading over 40 cents ? There seems to be some conservative appeal to this deal, similar to Public Square, Rumble, DWAC, etc; but the deal still seems overvalued. The [minimum cash condition](https://www.sec.gov/Archives/edgar/data/1817640/000121390024015851/ea0200413-8k425_breeze.htm#:~:text=%2430%2C000%2C000%20(the%20%E2%80%9CMinimum%20Cash%20Amount%E2%80%9D)) is $30 million; Breeze had about [$12.6 million after redemptions](https://www.sec.gov/Archives/edgar/data/1817640/000121390023079468/ea185718-8k_breeze.htm#:~:text=%2412.6%20million%20remains) at the last extension meeting in September 2023; so looks like BREZ will need to come up with some new financing, or TV Ammo would need to waive that condition.
Only if they are listed on the Pink Sheets. The company has to register them with the OTC market first. The OTC market website is pretty handy, it will show all associated stocks ( units, rights, warrants, and common stock ) on the quote page, and shows you for the quoted security which market it trades on. For example, here is the [BREZ quote page](https://www.otcmarkets.com/stock/brez/overview). Notice to the right of the chart, a section which says: Other Breeze Holdings Acquisition Corp. Securities BREZR BREZW Now check out [CAUD quote page](https://www.otcmarkets.com/stock/caud/overview). No other securities shown. The [SELX quote page](https://www.otcmarkets.com/stock/selx/overview). No other securities shown. The [IFIN quote page](https://www.otcmarkets.com/stock/ifin/overview). Other InFinT Acquisition Corporation Securities IFIN.U IFIN.WS warrants were delisted in December, and IFIN has yet to register them on the OTC board, so they don't to show up. Now check out the Wheels Up [UP quote page](https://www.otcmarkets.com/stock/up/overview). That shows UP is a NYSE stock, and it shows Other Wheels Up Experience Inc. Securities WSUPW. Click on WSUPW, and it takes you to the WSUPW quote, which shows that is a OTC Pink level stock.
[Breeze Holdings Acquisition Corp. and TV Ammo, Inc. Announce Filing of a Registration Statement in Connection with Proposed Business Combination](https://www.globenewswire.com/news-release/2024/02/14/2829529/0/en/Breeze-Holdings-Acquisition-Corp-and-TV-Ammo-Inc-Announce-Filing-of-a-Registration-Statement-in-Connection-with-Proposed-Business-Combination.html) \- BREZ BREZR BREZW ***Finally*** !! The S-4 was filed by True Velocity, Inc./DE. today at 5:27 pm EST. https://www.sec.gov/cgi-bin/browse-edgar?CIK=0002011674&owner=exclude
The January 22 filing is *not a prospectus*, it is a *press release*. The January 22 filing was a Form 425, which is "Prospectuses ***and communications***, business combinations". A press release is a "communication". The [press release](https://www.globenewswire.com/news-release/2024/01/22/2812786/0/en/True-Velocity-FN-America-Approaching-Launch-of-Conversion-Kits-for-M240.html) makes no mention of a S-4 filing. It does say: "The transaction is expected to close ***in the first half of 2024***, subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals." However, BREZ and TV Ammo have been singing that same tune, just changing the date, for over a year: "[The transaction is expected to close in the first quarter of 2024](https://www.globenewswire.com/news-release/2023/09/08/2740083/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Preliminary-Vote-Tabulations-for-Upcoming-Special-Meeting-and-Provides-Update-on-Business-Combination-Timeline.html#:~:text=The%20transaction%20is%20expected%20to%20close%20in%20the%20first%20quarter%20of%202024), subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals." "[The transaction is expected to close in the second half of 2023](https://www.globenewswire.com/news-release/2023/07/24/2709481/0/en/True-Velocity-Acquires-Suppressor-Manufacturer-Delta-P-Design.html#:~:text=The%20transaction%20is%20expected%20to%20close%20in%20the%20second%20half%20of%202023), subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals." "[The transaction is expected to close in the second quarter of 2023](https://www.globenewswire.com/news-release/2023/03/14/2627172/0/en/True-Velocity-Introduces-6-8-TVC-Cartridge-for-Civilian-Shooters.html#:~:text=The%20transaction%20is%20expected%20to%20close%20in%20the%20second%20quarter%20of%202023), subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals." "[The transaction is expected to close in the first quarter of 2023](https://www.globenewswire.com/news-release/2023/01/12/2587827/0/en/True-Velocity-Featured-on-Field-Ethos-Podcast-with-Don-Trump-Jr.html#:~:text=The%20transaction%20is%20expected%20to%20close%20in%20the%20first%20quarter%20of%202023), subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals."
Have a feeling a pump n dump is being orchestrated somewhere. ***IF*** ( that's a very big if ) BREZ does manage to ever hold a vote for the TV Ammo deal, it may be almost ***four years*** after their IPO, which was November 23, 2020. BREZ received the three year suspension/delisting notice from NASDAQ [on November 25, 2023](https://www.sec.gov/Archives/edgar/data/1817640/000121390023091070/ea189236-8k_breeze.htm), almost four months ago. BREZ requested a hearing "to request additional time to complete a business combination", no further information has been forthcoming. To date, no registration statement has ever been filed. Even if a registration statement was filed today, it would be four to six months minimum, based on average SPAC registration statement timing, before a shareholder vote was scheduled.
lol - had a buy for BREZ warrants for 22 cents after I sold yesterday for over 40 cents(buy under 20 cents). It hits 23.01 cents...8000 warrants bought damn - it's up over 35 cents
Waiting to see if $BREZ continues its run this morning. PErhaps we are seeing the runup to a significant announcement ?
What's going on with BREZ warrants? I manged to pick up some from under 20 cents today(very small, didn't get my fill) - it went to 48 cents
Almost 600K warrants traded in $BREZ so far today.. up to about $0.285 now... volume has been up the last 3 or 4 weeks... rights are up 40% today too
$BREZ warrants back up to $0.21, 63K volume so far today... been on a tear since mid Jan with good volumes, usually 100K a day.. hope the PCAOB audit is done soon and this is a sign of an impending closure
> that they overcome whatever issue is holding things up to get the SEC approval and complete the deal Supposedly the main hold up is that TV Ammo cannot provide audited financials so BREZ can file a S-4 registration statement. "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." That was from a [September 8, 2023 press release](https://www.globenewswire.com/news-release/2023/09/08/2740083/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Preliminary-Vote-Tabulations-for-Upcoming-Special-Meeting-and-Provides-Update-on-Business-Combination-Timeline.html). The Proxy Statement/Prospectus that the company anticipated filing in the third quarter of 2023 has *still* not been filed.
Seeing interesting volume and price moves in $BREZ shares and warrants the last two days. Hope that continues. Also fingers crossed that the deal finalizes soon, that they overcome whatever issue is holding things up to get the SEC approval and complete the deal
When it comes to BREZ, I'm like that Keeper of the Holy Grail guy in Indiana Jones. Still long, and still believe it will pop at some point during the Election 2024 cycle. [https://www.youtube.com/watch?v=A0TalLrtZ24](https://www.youtube.com/watch?v=a0tallrtz24)
With Rumble and DWAC taking off, I have my hopes on BREZ while it's still in the safe zone.
[True Velocity Weapons, Suppressors and Advanced Ammo to be Displayed at SHOT Show 2024](https://www.globenewswire.com/news-release/2024/01/19/2812303/0/en/True-Velocity-Weapons-Suppressors-and-Advanced-Ammo-to-be-Displayed-at-SHOT-Show-2024.html) \- BREZ BREZR BREZW "The transaction is expected to close in the first half of 2024, subject to the satisfaction of customary closing conditions, including certain regulatory and shareholder approvals." Every time BREZ issues a press release, the target date is moved back one quarter. Still no public S-4 registration statement filed. BREZ is already past the 36 month deadline; the IPO was on November 23, 2020.
Still here, still in SPACs... I keep an eye on a lot of them.. would like to see BREZ deSPAC True Velocity soon
For the last 3 or 4 days BREZ warrants drops to 8 cents(or slightly lower) and usually goes back up to 12 cents(or slightly higher) by end of day. Liquidity is an issue so you can't get a decent size amount. December 6 was the deadline(delisted from NASDAQ) but it's still trading on NASDAQ. I assume they filed the papers for extension on time but no PR.
Looks like BREZ is still trading on Nas today yesterday I did a warrant buy end of day (got a small partial fill) and sold for 0.125 for 56% gain today...nothing much ​ I thought they would be delisted from NAS today since the 6th was deadline
Since it's a listing deadline, not a BREZ deadline, my understanding is that it will just go to OTC, not liquidation. Looks like there were some panic sales on November 30th, but not today.
Tomorrow is the deadline BREZ and BREZW I was thinking of putting a 2 cent bid for 10,000 warrants (most likely won't get it given the trading today) if they get an extension, it pops...if not, I throw a way $200
"[The Company had previously expected the transaction to close](https://www.globenewswire.com/news-release/2023/09/08/2740083/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Preliminary-Vote-Tabulations-for-Upcoming-Special-Meeting-and-Provides-Update-on-Business-Combination-Timeline.html#:~:text=The%20Company%20had%20previously%20expected%20the%20transaction%20to%20close) 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." Apparently TV Ammo still has not provided their audited financials. BREZ shareholders approved monthly extensions through June 26, 2024.
I wonder what happen? Why BREZ mgmt behind on all the filings and merger?
Apparently I posted this in 2022 thread thinking it was today's thread- no clue how that happen. Was wondering why BREZ Warrants are dropping to 4 cent area given they've been holding up better than other SPACs found out reason - anyone taking a chance and buying warrants On November 27, 2023, Breeze Holdings Acquisition Corp. (the “Company”) received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), the Company’s securities (shares, warrants, and rights) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on December 6, 2023 due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. The Company intends to timely request a hearing before the Panel to request additional time to complete a business combination. If timely filed, the hearing request will result in a stay of any suspension or delisting action pending the hearing.
"[On November 27, 2023](https://www.sec.gov/Archives/edgar/data/1817640/000121390023091070/ea189236-8k_breeze.htm#:~:text=On%20November%2027%2C%202023), Breeze Holdings Acquisition Corp. (the “Company”) received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), the Company’s securities (shares, warrants, and rights) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on December 6, 2023 **due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement**. The Company intends to timely request a hearing before the Panel to request additional time to complete a business combination. If timely filed, the hearing request will result in a stay of any suspension or delisting action pending the hearing." - BREZ BREZR BREZW 36 months and still no S-4 filed for the TV Ammo deal.
Anything up with BREZ or just a market sell?
PROOF Acquisition Corp I ***Preliminarily*** [Schedules November 21, 2023 Shareholder Meeting to Vote For Business Combination with Volato](https://www.sec.gov/Archives/edgar/data/1853070/000114036123049048/ny20009935x5_s4a.htm) \- PACI PACI.WS This deal was announced on August 2; now they have a preliminary date set for the business combination vote set for three and a half months later. Then there are the SPACs like BREZ. Almost one full year since deal was announced, yet the first S-4 has not been filed; even after BREZ stated they "anticipated" that [would be filed by the end of the third quarter](https://www.globenewswire.com/news-release/2023/09/08/2740083/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Preliminary-Vote-Tabulations-for-Upcoming-Special-Meeting-and-Provides-Update-on-Business-Combination-Timeline.html#:~:text=the%20Company%20now%20anticipates%20filing%20the%20Proxy%20Statement/Prospectus%20in%20the%20third%20quarter%20of%202023) in last month's press release.
I’d love for BREZ to just mosey on up to $12 and chill right there. Course I’d like it to hit like $15 even more.
[Breeze Holdings Acquisition Corp Shareholders Approve Extension from September 26, 2023 monthly for up to nine additional months at the election of the Company, ultimately until as late as June 26, 2024](https://www.sec.gov/Archives/edgar/data/1817640/000121390023079468/ea185718-8k_breeze.htm) \- BREZ BREZR BREZW " In connection with the special meeting, 21,208 shares of the Company’s common stock were redeemed (the “Redemption”), with 4,299,276 shares of Common Stock remaining outstanding after the Redemption; 1,159,276 shares of Common Stock remaining outstanding after the Redemption are shares issued in connection with our initial public offering (the “Public Shares”). "
BREZ update notes that with 2 weeks to go until the special meeting, they already have \~76% of eligible shares voting in favor of extension. Clearly decent levels of somewhat larger holders in this one, which in and of itself is unusual for a pre-merge SPAC trading above NAV.
[Breeze Holdings Acquisition Corp. Announces Preliminary Vote Tabulations for Upcoming Special Meeting and Provides Update on Business Combination Timeline](https://www.globenewswire.com/news-release/2023/09/08/2740083/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Preliminary-Vote-Tabulations-for-Upcoming-Special-Meeting-and-Provides-Update-on-Business-Combination-Timeline.html) \- BREZ BREZR BREZW "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."
[Breeze Holdings Acquisition Corp Schedules September 22, 2023 Shareholder Meeting to Vote to Extend from September 26, 2023 monthly for up to nine additional months at the election of the Company, ultimately until as late as June 26, 2024](https://www.sec.gov/Archives/edgar/data/1817640/000121390023069834/def14a0823_breezeholdings.htm) \- BREZ BREZR BREZW "[In connection with the proposed transaction](https://www.sec.gov/Archives/edgar/data/1817640/000121390023069834/def14a0823_breezeholdings.htm#:~:text=to%20trade%20on%20the%20Nasdaq%20Capital%20Market.-,In%20connection%20with%20the%20proposed%20transaction,-%2C%20we%20intend%20to%20file%20with%20the%20SEC), we intend to file with 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 our and TV Ammo’s stockholders. We may also file other relevant documents regarding the proposed transaction with the SEC. 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."
why are BREZ warrants so expensive? -moves between 0.25 to 0.3 for the past few days They are suppose to merge with some ammunition company which is weird
BREZ touching $12.00. Inshallah, hopefully this is the next SPAC extension runner to hit $20 or more.
I'm hoping there's something to SCRM for soon! Waiting has been a BREZ!
I am in the same boat with BREZ. Been holding for quite awhile. Really hope this one gets some activity/momentum. One of my bigger positions with the NAV floor.
Back in the day you were holding a massive amount of BREZ. Huge position if I recall. I hope it prints for you after all this time.
I'll be watching AMAO closely next week, there is definitely some day trader, monkey-games going on with it the last few days, but then especially today. Only a 525k float. If it happens, it's one of those that's like a water filing a tub and then BOOM, it overflows. Check out the activity for the last week, but then especially the last 10 minutes today. I'm also getting hopetimistic for BREZ as it has both Trump Jr. and Tucker Carlson connections, a low float, and even though it's not over NAV, for whatever reason people arent selling, which leads me to believe this is now primarily in retail hands rather than arbitrage equity hands.
BREZ is low float and NAV is probably around 10.75
I mentioned BREZ below as having a Trump Jr. connection, but I didnt realize CLBR was also moving on a "Tucker Carlson rumor", which makes me feel even better about BREZ going forward since BREZ already has a literal Tucker Carlson connection. https://www.foxnews.com/video/6312323024112
That's why I own BREZ, an ammo company with Trump ties. I'm just waiting like an ambush predator for the day it pops.
That's assuming the business combination ever occurs, which seems questionable. BREZ and TV Ammo announced the proposed business combination on November 1, 2022, over 8 months ago. The [press release announcing the deal](https://www.globenewswire.com/news-release/2022/11/01/2545238/0/en/Breeze-Holdings-Acquisition-Corp-Announces-Definitive-Agreement-to-Merge-with-TV-Ammo-Inc.html) said: "Assuming no redemptions, the combined company will have an estimated post-transaction enterprise value of $1.21 billion, consisting of an estimated equity value of $1.24 billion, $76.8 million in cash and $50.0 million in debt. Cash proceeds raised **will consist of Breeze Holdings’ $17.7 million cash in trust** (before redemptions and payment of any transaction expenses) **and $100 million in anticipated new capital, expected to be split between debt and equity.**" TV Ammo filed a [Form D on January 12, 2023](https://www.sec.gov/Archives/edgar/data/1882010/000188201023000002/xslFormDX01/primary_doc.xml), to sell $50 million worth of their private shares. That would apparently be the $50 million "in equity". There has been no announcement in the past 8+ months of $50 million in loans or convertible notes, etc. Apparently Tv Ammo is supposed to be raising that funding: "[The Merger Agreement contemplates](https://www.sec.gov/Archives/edgar/data/1817640/000121390022067959/ea167651-8k425_breeze.htm#:~:text=The%20Merger%20Agreement%20contemplates) that TV Ammo may enter into agreements to raise capital prior to the Closing of the Business Combination for aggregate gross proceeds of up to $100,000,000 (the “Permitted Financing”)" Perhaps TV Ammo has received those loans, or has loan commitments, but will only disclose those when the S-4 is filed. Perhaps their inability to receive funding, and/or sell all of the stock they offered in January, is delaying the process. BREZ [extended again in March](https://www.reddit.com/r/Spacstocks/comments/12z29dg/breeze_holdings_acquisition_corp_shareholders/) for six months; BREZ now has until September 26, 2023 to complete the merger, extend again, or liquidate. That's two months and ten days from now. After that meeting, only 1,180,484 shares of Common Stock remain after redemptions, and now only about $12.5 million is in the trust. In the 8+ months since announcing the deal, neither BREZ or TV Ammo has filed a S-4 registration statement for the deal. If that doesn't happen very soon, BREZ will need to extend again, and the trust will likely get even smaller. The merger agreement can be terminated [by either party if the business combination did not close by April 23, 2023](https://www.sec.gov/Archives/edgar/data/1817640/000121390022067959/ea167651-8k425_breeze.htm#:~:text=by%20either%20Breeze%20or%20TV%20Ammo%20if%20the%20Business%20Combination%20is%20not%20consummated%20by%20April%2028%2C%202023). BREZ has not filed any disclosures with the SEC that state that date was extended, so apparently either party can terminate the agreement at any time, provided the failure to close by April 23 "is not due to a breach by the terminating party". So again, the status of this deal seems questionable.
About time BREZ released a cartridge in 5.56, it's one of the most commonly sold cartridges. Good news.
For examples, look at how some NAV protected low-float SPACs seemed to percolate this week (AMAO, BREZ etc..). I own both so I'm hoping we get more runs, but if not I collect the interest.
Well, this is curious. [SPACTrax](https://www.spactrax.com/index.html) ( a good SPAC news source, for those who haven't visited ) shows press releases overnight and this morning from ZVSA, BREZ, and PROK. However, GlobeNewsWire has ***removed all three***. Guessing maybe those weren't supposed to be released until Monday. Oops. No big news, though: **ZyVersa Therapeutics Announces Publication in the Journal, Hepatology, Highlighting the-Role of NLRP3 Inflammasome Mediated IL-18 in Development of Liver Fibrosis** **True Velocity Introduces Composite Cased 5.56x45mm Cartridge for Civilians** **ProKidney Appoints Bruce Culleton, MD, as Executive Vice President, Clinical Development and Commercialization**
AMAO with an interesting move higher today. Not seeing any news, but float on this one is only 525,611 shares with NAV protection of approximately $10.47. Might just be people piling tino low-float NAV protected SPACs? Might also explain BREZ's move higher yesterday as well. SPACs are (sort of) back?
BREZ popping on a >9k buy order (which is odd for this low float SPAC). Not seeing any news.
TV Ammo filed a [Form D](https://www.sec.gov/Archives/edgar/data/1882010/000188201023000002/xslFormDX01/primary_doc.xml) to sell $50 million worth of their *private stock* on January 12, 2023, two months *after* the business combination agreement was announced. "Total Remaining to be Sold $46,076,274" Makes one wonder if all of these paid articles from "CNA Finance" are being released in order to help push some of those private TV Ammo shares, or to keep the BREZ deal in the news. Either way, you are correct. Eight and a half months after announcing the agreement, still no S-4 filing, that is *not* a bullish sign. BREZ has until September 26 to complete the business combination, extend again, or liquidate. BREZ has 1,180,484 public shares remaining, so about $12 - $13 million in the trust.
Wow $BREZ just posted this press release linking to this video: [https://www.youtube.com/watch?v=-CYcJJ1abAY](https://www.youtube.com/watch?v=-CYcJJ1abAY) ​ Dude has 4 subscribers, no credibility, and links to a whole bunch of paid articles talking about the company. Why is $BREZ so eager to get information out about True Velocity? It's not like paying people to talk about it is going to increase the chance of merger. Also really funny that the narrator says they expect the merger to close no later than September yet I see no S-4 AT ALL. Usually it takes 5-6 months from first S-4 to official business combination. Funny as hell.
Ah that's right the ammo company. What's NAV right now for BREZ? and what does the float look like?
Trump Jr. is really good friends with the people who run the company & he uses their ammo. His kid even took his first deer with a hunting rifle loaded with BREZ hunting ammunition. I'm pretty sure there are currently like 17 people on the planet who know this, myself included. LOL
I had BREZ for a while but can't remember the details and Trump connection?
BREZ ( or TV Ammo ) is paying him to run promotional articles; he has run several for BREZ, like this one a few days ago: [Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) Stock: Are You Paying Attention Yet](https://cnafinance.com/breeze-holdings-acquisition-corp-nasdaq-brez-are-you-paying-attention-yet/) "This publication was sponsored by Global Advertising Agency and should not be considered investment advice." The original title of the article, as shown on a SPACInsider link, was "Best SPACs to Watch: EVE | **STET** | BREZ | CNDB | RRAC - CNA Finance" Yes, best to watch STET ... liquidate. The BREZ / TV Ammo deal was announced on November 1, 2022. To date, haven't seen a S-4 registration statement or PREM14 proxy statement filed in the ensuing seven months.
Filed by $BREZ today: [https://www.sec.gov/Archives/edgar/data/1817640/000121390023044856/ea179636-425\_breezeholding.htm](https://www.sec.gov/Archives/edgar/data/1817640/000121390023044856/ea179636-425_breezeholding.htm) ​ Focus on where the author discusses $EVE as one of the "best SPACs to watch". He talks about institutional ownership being 87% and that's great because smart money knows stuff us "layman" don't. Lmao. Either this is AI written or this author has ZERO knowledge on how arbs work. All this tells me is that we have a really high number of redemptions coming up next time there's a $BREZ vote hahahah
Congrats! I wish I could find these ones myself. Would be nice if BREZ or another low floater that I am in could do something like this
"[In connection with the proposed transaction](https://www.sec.gov/Archives/edgar/data/1817640/000121390023017693/def14a0223_breezehold.htm#:~:text=conditions%2C%20including%20certain%20regulatory%20and%20shareholder%20approvals.-,In%20connection%20with%20the%20proposed%20transaction,-%2C%20we%20intend%20to%20file%20with%20the%20SEC), ***we intend to file*** with 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”). " That was from the definitive proxy filed March 6 for the extension meeting. So as of two months ago, nothing except an ***intention*** to file a S-4 registration statement. *Perhaps* they have filed a confidential S-4 by now. Also, that definitive proxy stated: "The transaction is expected to close ***in the second quarter of 2023***", which would be before July 1. Seems unlikely at this point. As far as that August date, that is from ***paid*** articles written by CNA Finance, ***NOT*** from any SEC disclosures by BREZ. "Disclosure: CNA Finance is not an investment advisor or broker-dealer. This article is not a solicitation to buy or sell any security and was designed for information purposes only. This article was written by Joshua Rodriguez and shares his true opinion, which may not be the opinion of the publication it appears on. **This is a sponsored publication for which CNA Finance received compensation**. " So either BREZ or TV Ammo appears to be paying for those articles to be distributed, and those appear to be paid stock promotions. Lastly, from the 8-K filed when the business combination was announced on November 1, 2022: "**Termination** The Merger Agreement may be terminated under certain customary and limited circumstances prior to the Closing of the Business Combination, including, but not limited to, ... [(iii) by either Breeze or TV Ammo](https://www.sec.gov/Archives/edgar/data/1817640/000121390022067959/ea167651-8k425_breeze.htm#:~:text=(iii)%20by%20either%20Breeze%20or%20TV%20Ammo%20if%20the%20Business%20Combination%20is%20not%20consummated%20by%20April%2028%2C%202023) ***if the Business Combination is not consummated by April 28, 2023***, provided the failure to close by such date is not due to a breach by the terminating party." Don't see any filing from BREZ to indicate that date has been changed. So, ***IF*** TV Ammo has provided all the financials required to file the S-4, and the business combination has not been completed, in theory TV Ammo could cancel the deal at any time. So it is possible TV Ammo has not provided the audited financials yet; or perhaps something else is going on. But all in all, not a bullish scenario. TV Ammo filed a Form D, Notice of Exempt Offering of Securities, on January 12, 2023. The Form says [they are trying to sell](https://www.sec.gov/Archives/edgar/data/1882010/000188201023000002/xslFormDX01/primary_doc.xml#:~:text=Total%20Offering%20Amount,USD) $50 million worth of their private stock.
Anyone seeing any BREZ news? Someone just spent \~$110,000 in an order of > 10k shares above NAV. Seems odd.
I still hold BREZ, only about 1.2M shares left & it's earning roughly 4.1% plus monthly 3.5¢ kickers.
I’ve been out of the loop lately (got one of those…”jobs” I think people call them?). Any news on LCAA and BREZ? Those are my last two NAV play SPACS and don’t want to get caught on the drop/redemption time.
I’ve been out of the loop lately (got one of those…”jobs” I think people call them?). Any news on LCAA and BREZ? Those are my last two NAV play SPACS and don’t want to get caught on the drop/redemption time.
Haven't been up to date here in a bit but my BREZ rights order clicked a minute before close at 10 cents and I was happy bc I had been accumulating at 11-13 cents and when I looked it was sitting at 8 cents and low of day said a penny?? Did anything materially change today?
Anyone look at BREZ?
BREZ did it. I got screwed out of several months interest from it. Oddly enough, since then they put it back into an interest-bearing account. On DUET, it's probably going to be 5.5¢ rather than $175,000 unless you think redemptions will be atypically low.
Anyone here who arbs NAV have any good recommendations for me to look at? I'm selling out of my CCIV position as it's near NAV now & I need a place to park that money. I already have a lot of BREZ (a good arb option), so I'd like another choice to diversify.
is the BREZ low float potential completely dead? anyone still holding out hope?
What is NAV on BREZ again and when is the next vote and redemption possibility? 10.62 looks appealing.
I'm holding my BREZ counting on it eventually. If not it's currently yielding 4.1%, and I'm 100% okay with that.
I just need to know two things: 1) will BREZ be a low float runner 2) why didn't the eagles just fly the ring to Mordor?
Does anyone know how long NAV protection will hold for BREZ? Asking for a friend
I think the BREZ squeeze occurred last night. We all missed out 😅
Are you the guy buying BREZ at $11.20 after hours right now? lol
Over 5,000 shares of BREZ bought AH now. Could a furu be loading up? This thing never trades AH.
As is my style sold BREZ at 10.66 and it jumped right back to my average lol
NAV is about $10.624 today, but yeah, it's ridiculous what they did. I get that many are liquidating their trusts for fear the Biden Administration's gonna' label them "Investment companies" to hurt them, but to counter that most sponsors put the trust into simple interest-bearing deposit accounts. To be fair, BREZ has now done that too, so the trust is currently earning 4.1%, but count me as someone who lost money on their prior fiduciary irresponsibility.
Breeze $BREZ Extension Approved: monthly up to Sep 26. Shareholders redeemed 509,712 shares or \~30% of the remaining public SPAC shares, leaving 1,180,484 public SPAC shares or appx. $12.5M in trust.
Yes and no. The company's product is truly revolutionary, but the only massive market for it is military. They made is to the final of the US military's future arms/ammo competition, but lost. IMO a poor decision by our "okay boomer" elder, military leaders who were scared by different tech. Hence the SPAC! But if they can convince other global militaries to use a PC rather than a typewriter, I think the stock is an absolute home run. They're also going for the civilian market & scored a major coup recently by getting in every Bass Pro Shops and Cabela's in America, but IMO this market is peanuts compared to military contracts. Net/net, if this thing dumps to $3 like every other de-SPAC I plan on loading up, because it's only a matter of time before a few forward-thinking military leaders pull-the-trigger (pun intended) on BREZ's technology, but sadly it appears it wont be the US military.
I forgot BREZ had a target of that ammo company. Is the actual target or deal any good?
Has there actually been a lot of buys on BREZ options?
Watching to see if BREZ's prisoners delimma will play out just like like 💰🦁. No one wants to do the heavy lifting and buy shares while everyone buys options and so no one wins 😅
Upvote if BREZ is gonna be a 500k float or similar and fucking fly Downvote if it's gonna have 15% redemptions and not a single peep from a single furu
it won't do much anyway. AMAO was trading the same as BREZ and only ended up with a 30% redemption rate. comparing that to BREZ that leads to 1.3M shares. Only good thing is BREZ has options, but OI is paltry still.
don't think BREZ is going to be thin but picked up a few shares anyway.
The people here buying BREZ aren't doing so because of a belief that their product will become the next iPhone.
Well hopefully BREZ goes up a bit soon, I need the cash by the end of the month.
If 40% BREZ redeemed we get about exactly 1M shares. If 60% BREZ redeemed we get about 675k shares. These things are so random it's tough to know, obviously the fewer the better, but as you note there have been some > 1M that absolutely ripped higher & some with 1/2 that that haven't impressed.
What float we thinking is sexy for BREZ? Sitting at approx 1.7m rn prior to redeems (which wasn't sexy enough). FAZE the despac did pretty well with 1.3m (10 - 25 w/ multiple squeezes for months) but then we had some dumbass furus try to pump THCH (also 1.3m) so sentiment might be a bit shot for low floats with options even though low floaters are hot af atm. Thots?
BREZ the next BREZ? 👁️ (Don't frontload it)