Breeze Acquisition Corp. II prices $125 million IPO at $10 per unit
Breeze Acquisition Corp. II announced it priced its initial public offering of 12.5 million units at $10.00 per unit, raising $125 million. The units are expected to begin trading May 13, 2026 on the Nasdaq Global Market under the symbol "BREZU."
Each unit consists of one ordinary share and one right. Each right entitles the holder to receive one-fifth of one ordinary share upon completion of an initial business combination. The ordinary shares and rights are expected to trade separately on Nasdaq under the symbols "BREZ" and "BREZR," respectively.
IB Capital LLC and I-Bankers Securities, Inc. are serving as book-running managers for the offering. The underwriters have a 45-day option to purchase up to an additional 1.875 million units to cover over-allotments. The offering is expected to close on or about May 14, 2026, subject to customary closing conditions.
The Securities and Exchange Commission declared the registration statement effective May 12, 2026. Breeze Acquisition Corp. II is a blank check company incorporated in the Cayman Islands. The company intends to focus its search on target businesses with global operations and technology capabilities, particularly in healthcare, biotechnology, advanced manufacturing, robotics, artificial intelligence, and related sectors.
The net proceeds from the offering will be used to fund a future business combination, according to the company's press release statement.
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