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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