other material
confidence high
sentiment neutral
materiality 0.50
Breeze Acquisition Corp. II closes IPO of 14M units raising $140M; auditor raises going concern doubt
Breeze Acquisition Corp. II
- IPO of 12.5M units at $10/unit completed May 14; over-allotment of 1.5M units closed May 15, total 14M units.
- Private placement of 470,000 units to sponsor at $10 each, gross $4.7M; total trust proceeds $144.7M.
- Auditor includes going concern paragraph: company has until May 14, 2027 to complete business combination; substantial doubt exists.
- Balance sheet as of May 14 shows $125.6M in trust account, $2.6M total liabilities, and $1.5M accumulated deficit.