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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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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D-Orbit Signs Agreement with Oman’s International Emerging Technology Company ETCO

The agreement focuses on a partnership aiming at setting up a satellite manufacturing facility in Oman, the first initiative of this kind in the Sultanate.

DUBAI, UAE, October 27th, 2021 (D-Orbit PR) — Space logistics company D-Orbit announced the signing of a Memorandum of Understanding with International Emerging Technology Company (ETCO), a technology leader in the Sultanate of Oman. The document sets the basis for a potential partnership aiming at setting up a satellite manufacturing and space logistics facility in Oman.

The contract was signed on October 26th, during the 72nd International Astronautical Conference, by Luca Rossettini, D-Orbit’s CEO, and Ammar Al Rawahi, Director of Astro and Space Technologies at ETCO. The signing happened in the presence of Giorgio Saccoccia, President of the Italian Space Agency (ASI), and Dr. Saoud Al Shoaili, Head of the National Space Program at the Ministry of Transport, Communications and Information Technology (MTCIT).

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D-Orbit Announces Successful Completion of Deployment Phase of WILD RIDE Space 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 (D-Orbit PR) — D-Orbit, the space logistics and transportation company, announced that it has successfully completed the deployment phase of its WILD RIDE mission. As part of this phase, D-Orbit’s ION Satellite Carrier (ION), the company’s proprietary space transportation vehicle, successfully deployed all six satellites hosted onboard and will now proceed with the in-orbit demonstration of 12 hosted payloads.

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D-Orbit’s ION Satellite Carrier Rides to Space atop SpaceX’s Falcon 9 Rocket

Falcon 9 launches the Transporter-2 mission. (Credit: SpaceX webcast)

FINO MORNASCO, Italy, June 30th, 2021 (D-Orbit PR) — D-Orbit, a leader in the space logistics and orbital transportation industry, announced today the successful launch of another ION Satellite Carrier (ION), its proprietary orbital transportation vehicle. ION lifted off on June 30th, 2021, at 9:31 pm CEST, atop a SpaceX Falcon 9 rocket from the Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station (CCSFS), Florida. On the same day, 60 minutes after liftoff, the vehicle was successfully deployed into a 500 km Sun synchronous orbit (SSO).

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D-Orbit Announces Successful Origin Satellite Deployment Mission

The satellite carrier completes deployment of all 12 SuperDove satellites

FINO MORNASCO, Italy D-Orbit PR) — D-Orbit, the in-orbit transportation company, announced the successful completion of the deployment phase of Origin mission, the first of ION Satellite Carrier. ION, D-Orbit’s satellite platform, successfully released 12 SuperDove satellites for Earth-imaging company Planet, in the precise orbital slots requested by the client.

The vehicle has been operational since September 3rd, when it was successfully released from an Arianespace Vega launcher. On September 25th, it released successfully the first SuperDove satellite of the batch, and the last satellite was deployed on October 28th, at 10:38:46 UTC.

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D-Orbit Secures €15M Financing from EIB

FINO MORNASCO, Italy (D-Orbit PR)– Despite the global challenges brought by the events of 2020, D-Orbit, an Italian systems and services provider for the space sector, is steadily moving forward with its roadmap.

In September, D-Orbit secured €15 million [$17.8 million] financing from the European Investment Bank (EIB), marking the first time that the EIB has funded a space firm. The funds will advance the expansion of the company, whose ultimate goal is redefining the standards of
the orbital transportation industry.

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