Breeze Holdings Acquisition Corp. and D-Orbit S.p.A. Mutually Agree to Terminate Merger Agreement

IRVING, Texas & FINO MORNASCO, Italy (D-Orbit/Breeze Holdings PR) – Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company, and DOrbit 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.

“Since the outset of our discussions with D-Orbit over a year ago, we have continued to believe in the Company’s unique value proposition and the innovation inherent in their solutions,” said J. Douglas Ramsey, Ph.D., Chairman and CEO of Breeze Holdings. “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. As we look ahead, we remain focused on identifying another value creating opportunity for Breeze shareholders.”

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D-Orbit Secures Additional Launch Ports with SpaceX for 2023 Rideshare Missions

Agreement includes 11 ports aboard Falcon 9 for missions in 2023

D-Orbit continues to execute on growth plans with increasing launch opportunities to satisfy growing demand for its last-mile space delivery and in-orbit demonstration services

FINO MORNASCO, Italy, May 31, 2022 (D-Orbit PR) — D-Orbit, the space logistics and orbital transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), announced today that it has secured 11 ports for D-Orbit’s ION Satellite Carrier (“ION”) for launch on SpaceX Rideshare missions in 2023.

Securing these slots is in line with D-Orbit’s plans to launch 13 IONs in 2023, as the Company works to meet the increasing demand for last-mile space transportation solutions and in-orbit demonstration of third-party payloads. The launches have been purchased through the Italian launch broker impulso.space.

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D-Orbit Announces April Launch of SPACELUST, its Fifth ION Satellite Carrier Mission

D-Orbit’s ION Satellite Carrier is a flexible in-orbit transportation system for CubeSats and microsatellites. (Credit: D-Orbit UK)

FINO MORNASCO, Italy, March 21 (D-Orbit PR) — D-Orbit, the space logistics and orbital transportation company, announced today the upcoming launch of SPACELUST, the fifth mission using the Company’s proprietary ION Satellite Carrier (ION), a flexible and cost-effective orbital transfer vehicle (OTV) spacecraft designed both to precisely deploy satellites and perform technology demonstrations of third-party payloads in orbit.

ION will lift off from the Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station (CCSFS), Florida, aboard the SpaceX Falcon 9 Transporter-4 mission. The launch is scheduled for April 2022.

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Seraphim Investors in D-Orbit SPAC Announcement

LONDON (Seraphim Space Investment Trust PR) — Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed fund focused on Space Tech, is announcing today that its portfolio company D-Orbit S.p.A. (“D-Orbit”), an Italy-based and market leading space logistics and transportation company will, subject to a number of outstanding conditions, become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), a publicly traded special purpose acquisition company (the “Proposed Transaction”).

Following the close of the Proposed Transaction, which is expected to occur in the second or third quarter of 2022, the combined entity would be listed on Nasdaq Capital Market under the ticker symbol “DOBT” and would imply a post money Enterprise Value of approximately $1.28 billion.

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Space Logistics Company D-Orbit to Go Public Via SPAC Merger

  • A First Mover in Providing In-space Satellite Transportation for Commercial and Institutional Customers and in Demonstrating Satellite-as-a-Service Capabilities in Space
  • Six Missions to Date, Including Four Leveraging D-Orbit’s Proven ION Satellite Carrier
  • Members of The Charles F. Bolden Group, Founded by Former NASA Administrator and U.S. Marine Corps Major General, to Join Board and Support Strategic and Operating Execution
  • Pro Forma for the Transaction, Combined Company to Have Approximately $185 Million (€163 Million) in Cash on the Balance Sheet
  • Combined Company Will Have an Estimated Enterprise Value of Approximately $1.28 Billion (€1.13 Billion)
  • Expected to be Listed on Nasdaq Capital Market Under the Ticker Symbol “DOBT” following Expected Transaction Close in Second or Third Quarter of 2022

FINO MORNASCO, Italy and IRVING, Texas, Jan. 27, 2022 (D-Orbit/Breeze Holdings Acquisition PR) — D-Orbit S.p.A. (“D-Orbit” or the “Company”), an Italy-based and market leading space logistics and transportation company, today announced that it will become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company. The transaction values the Company at an enterprise value of approximately $1.28 billion (€1.13 billion) post-money.

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