Breeze Holdings Acquisition said today that its sponsor deposited $1.15 million, representing 10 cents a share, into the SPAC’s trust account to extend the deadline for completing a merger from Nov. 25 until Feb. 25.
Breeze raised $115 million in an IPO a year ago. The SPAC is focused on natural gas and fossil fuels, trading on the Nasdaq under BREZU. Read more.
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The SPAC raised $240 million in a January 2021 IPO. Founded by entrepreneur Katherine Power, the blank-check firm was focused on acquiring a consumer business.