Corporate ActionMay 12, 2026, 09:38 PM
BREZ Prices IPO of 12.5M Units at $10.00 Each
AI Summary
Breeze Acquisition Corp. II (BREZ) announced the pricing of its initial public offering of 12,500,000 units at $10.00 per unit. The units are expected to begin trading on the Nasdaq Global Market under "BREZU" on May 13, 2026. Each unit comprises one ordinary share and one right, with rights entitling holders to one-fifth of an ordinary share upon a business combination. The blank check company aims to merge with businesses in healthcare, biotechnology, advanced manufacturing, robotics, and AI sectors.
Key Highlights
- Priced initial public offering of 12,500,000 units.
- Units priced at $10.00 per unit to the public.
- Units expected to trade on Nasdaq under "BREZU" from May 13, 2026.
- Each unit includes one ordinary share and one right (1/5 of one ordinary share).
- Underwriters have a 45-day option for up to 1,875,000 additional units.
- Offering expected to close around May 14, 2026.
- IB Capital LLC and I-Bankers Securities, Inc. are book-running managers.