Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, February 4, 2022

Article Excerpt

BREEZE HOLDINGS ACQUISITION CORP, $10.24, symbol BREZ on Nasdaq, is a SPAC (special purpose acquisition company). SPACs are a specialized kind of IPO (Initial Public Offering, or new stock issue). One key difference is that SPACs, also referred to as “blank-check companies,” raise money from investors without providing a detailed business plan. The SPAC goes through an IPO-like process, raising some money and getting listed on an exchange. Its next goal is to find another business to buy, usually within two years. Then the two companies merge, giving the purchased company a relatively quick stock exchange listing and the liquidity that comes with it. On January 27, 2022, Breeze Holdings announced that it would combine with D-Orbit S.p.A, an Italian space logistics and transportation company. D-Orbit will begin trading on the Nasdaq exchange under the symbol DOBT when the transaction goes through. That’s expected in the second or third quarter of 2022. In the meantime, investors can buy shares of Breeze Holdings. These will…