Texas-based advanced defense technology company TV Ammo, Inc.
(“True Velocity”), will be at booth #13454 from January 23 - 26 at
SHOT Show 2024 hosted at the Venetian Expo and Caesars Forum in Las
Vegas, Nevada. The company plans to display its advanced,
composite-cased ammunition in several calibers and configurations,
as well as its cutting-edge weapons and suppressor technology.
“Every year, we look forward to unveiling new and innovative
technology for the defense, law enforcement and civilian shooting
markets at SHOT Show,” said Kevin Boscamp, Chairman and Co-CEO of
True Velocity, “and that’s true again in 2024. With the addition of
Delta P suppressors to our portfolio, we now have the ability to
deliver complete weapon systems that will enable shooters to reach
entirely new levels of advanced performance at the range, in the
woods and on the battlefield.”
True Velocity utilizes 21st Century manufacturing and process
control technologies to ensure the utmost performance and quality,
enabling distributive manufacturing opportunities in strategic
locations worldwide.
Products On Display:
-
MILITARY AMMUNITION: 7.62x51mm NATO; 5.56x45mm NATO; .338TVCM, 50
BMG, 6.8TVCM
-
COMMERCIAL AMMUNITION: 5.56x45mm, .308 Win., 6.8TVC
-
MILITARY WEAPONS: RM-277 Rifle and Automatic Rifle; .338TVCM
Lightweight Medium Machine Gun; 6.8TVC M240
-
SUPPRESSORS: Delta P Brevis III Suppressors (.50 BMG, 5.56x45mm,
6.8TVCM, .308 Winchester, .338TVCM)
For More Information:
To learn more about True Velocity and their products,
visit TVAmmo.com.
To schedule an interview with True Velocity leadership at SHOT
SHOW 2024, please contact EVP of Corporate Communications Pat Hogan
at phogan@TVAmmo.com.
About True Velocity and its Proposed Business
Combination with Breeze HoldingsTrue Velocity is an
advanced technology and composite manufacturing company based in
Garland, Texas. Founded in 2010, True Velocity has approximately
250 patents pending or issued surrounding its products, technology
and manufacturing processes. True Velocity is focused on
revolutionizing the ammunition and armaments industry through the
employment of composite materials and ground-breaking weapon system
technology. True Velocity’s American-made products are produced
using cutting-edge manufacturing technology and process controls in
a state-of-the-art, 66,000-square-foot facility. True Velocity’s
proprietary composite cartridge is designed to provide significant
logistical advantages over traditional brass-cased ammunition and
give end users unmatched accuracy, repeatability, and reliability,
all in a light-weight cartridge. Our weapon systems offers compact
and light-weight designs with patented impulse-averaging recoil
mitigation, and our suppressors enable significant sound and flash
reduction with extreme durability and a minimal profile.
For more information, visit tvammo.com.
As previously announced on November 1, 2022, TV Ammo, Inc.
(“True Velocity”) entered into a business combination agreement
with Breeze Holdings Acquisition Corp. (“Breeze Holdings”) (NASDAQ:
BREZ), a publicly traded special purpose acquisition company,
pursuant to which a newly formed wholly owned subsidiary of Breeze
Holdings will merge with and into True Velocity, with True Velocity
surviving as a wholly owned subsidiary of Breeze Holdings. Upon
closing of the transaction, Breeze Holdings will be renamed “True
Velocity, Inc.” and its common stock is expected to trade on the
Nasdaq Capital Market. The transaction is expected to close in the
first half of 2024, subject to the satisfaction of customary
closing conditions, including certain regulatory and shareholder
approvals.
About Breeze Holdings Acquisition Corp.Breeze
Holdings is a blank check company organized for the purpose of
effecting a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization, or other similar
business combinations with one or more businesses or entities.
Additional Information and Where to Find ItThis
press release relates to a proposed business combination
transaction involving Breeze Holdings and True Velocity. In
connection with the proposed transaction, Breeze Holdings intends
to file with the U.S. Securities and Exchange Commission (the
“SEC”) a registration statement on Form S-4 that will include a
proxy statement of Breeze Holdings and that also will constitute a
prospectus of True Velocity, Inc. with respect to the shares of
True Velocity, Inc. common stock to be issued in the proposed
transaction (the “Proxy Statement/Prospectus”). This document is
not a substitute for the Proxy Statement/Prospectus. The definitive
Proxy Statement/Prospectus (if and when available) will be
delivered to Breeze Holdings’ and True Velocity’s stockholders.
Breeze Holdings may also file other relevant documents regarding
the proposed transaction with the SEC. BEFORE MAKING ANY VOTING OR
INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF BREEZE
HOLDINGS AND TRUE VELOCITY AND OTHER INTERESTED PARTIES ARE URGED
TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND
ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH
THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT BREEZE HOLDINGS, TRUE VELOCITY, THE
PROPOSED TRANSACTION AND RELATED MATTERS.
Investors and security holders of Breeze Holdings and True
Velocity may obtain free copies of the Registration Statement and
Proxy Statement/Prospectus (if and when available) and other
documents that are filed or will be filed with the SEC by Breeze
Holdings through the website maintained by the SEC at www.sec.gov.
Copies of the documents filed with the SEC by Breeze Holdings will
be available free of charge at Breeze Holdings Acquisition Corp.,
955 W. John Carpenter Fwy., Suite 100-929, Irving, TX 75039,
attention: J. Douglas Ramsey.
Participants in the SolicitationBreeze
Holdings, True Velocity and certain of their respective directors
and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of Breeze Holdings
and True Velocity in respect of the proposed transaction.
Information about Breeze Holdings’ directors and executive officers
and their ownership of Breeze Holdings common stock is set forth in
Breeze Holdings’ filings with the SEC, including its Annual Report
on Form 10-K for the year ended December 31, 2022 filed with the
SEC on March 31, 2023 (the “Annual Report”). To the extent that
holdings of Breeze Holdings’ securities have changed since the
amounts included in the Annual Report, such changes have been or
will be reflected on Statements of Change in Ownership on Form 4
filed with the SEC. Other information regarding the participants in
the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, will be
contained in the Proxy Statement/Prospectus and other relevant
materials to be filed with the SEC in respect of the proposed
transaction when they become available. You may obtain free copies
of these documents as described in the preceding paragraph.
Cautionary Note Regarding Forward-Looking
Statements This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, including, among other things, statements
regarding the anticipated benefits and impact of the proposed
transaction on the combined company’s business and future financial
and operating results, the anticipated timing of closing of the
proposed transaction, the anticipated growth of the industries and
markets in which True Velocity competes, the success and customer
acceptance of True Velocity’s product and service offerings and
other aspects of True Velocity’s operations, plans, objectives,
opportunities, expectations or operating results, the expected
ownership structure of the combined company and the likelihood and
ability of the parties to successfully consummate the proposed
transaction. Words such as “may,” “should,” “will,” “believe,”
“expect,” “anticipate,” “intend,” “estimated,” “target,” “project,”
and similar phrases or words of similar meaning that denote future
expectations or intent regarding the combined company’s financial
results, operations and other matters are intended to identify
forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events. Such
forward-looking statements are based upon the current beliefs and
expectations of management and are inherently subject to
significant business, economic and competitive risks, uncertainties
and other factors, both known and unknown, which are difficult to
predict and generally beyond our control and that may cause actual
results and the timing of future events to differ materially from
the results and timing of future events anticipated by the
forward-looking statements in this press release, including but not
limited to: (i) the ability of the parties to complete the proposed
transaction within the time frame anticipated or at all, which may
adversely impact the price of Breeze Holdings’ securities; (ii) the
failure to realize the anticipated benefits of the proposed
transaction or those benefits taking longer than anticipated to be
realized; (iii) the risk that the proposed transaction may not be
completed by Breeze Holdings’ business combination deadline and the
potential failure to obtain further extensions of the business
combination deadline if sought by Breeze Holdings; (iv) the failure
to satisfy the conditions to the consummation of the proposed
transaction, including the adoption of the definitive merger
agreement by the stockholders of Breeze Holdings or True Velocity,
the satisfaction of the minimum cash amount following redemptions
by the public stockholders of Breeze Holdings, the receipt of any
required governmental or regulatory approvals or the failure to
meet the Nasdaq listing standards in connection with the closing of
the proposed transaction; (v) the lack of a third party valuation
in determining whether or not to pursue the proposed transaction;
(vi) the occurrence of any event, change or other circumstance that
could give rise to the termination of the definitive merger
agreement; (vii) the impact of the COVID-19 pandemic or related
governmental or regulatory orders; (viii) the effect of the
announcement or pendency of the proposed transaction on True
Velocity’s business relationships, performance and business
generally; (ix) risks that the proposed transaction disrupts
current plans and operations of True Velocity and any potential
difficulties in True Velocity employee retention as a result of the
proposed transaction; (x) the outcome of any legal proceedings that
may be instituted against True Velocity or Breeze Holdings related
to the definitive merger agreement or the proposed transaction or
any product liability or regulatory lawsuits or proceedings
relating to True Velocity’s products or services; (xi) the ability
to maintain the listing of Breeze Holdings’ (and after the closing
of the proposed transaction, True Velocity, Inc.’s) securities on
the Nasdaq Capital Market; (xii) potential volatility in the price
of Breeze Holdings’ securities due to a variety of factors,
including changes in the competitive and highly regulated
industries in which True Velocity operates, variations in
performance across competitors, changes in laws and regulations
affecting True Velocity’s business, and changes in the combined
company’s capital structure; (xiii) the ability to implement
business plans, identify and realize additional opportunities and
achieve forecasts and other expectations after the completion of
the proposed transaction; (xiv) the risk of downturns and the
possibility of rapid change in the highly competitive industries in
which True Velocity operates or the markets that True Velocity
targets; (xv) the inability of True Velocity and its current and
future collaborators to successfully develop and commercialize True
Velocity’s products and services in the expected time frame or at
all; (xvi) the risk that the combined company may never achieve or
sustain profitability or may need to raise additional capital to
execute its business plan, which may not be available on acceptable
terms or at all; and (xvii) the costs of the proposed transaction.
The forward-looking statements contained in this press release are
also subject to additional risks, uncertainties and factors,
including those described in Breeze Holdings’ most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q and other
documents filed or to be filed with the SEC by Breeze Holdings from
time to time. You are cautioned not to place undue reliance on
forward-looking statements as a predictor of future performance as
projected financial information and other information are based on
estimates and assumptions that are inherently subject to various
significant risks, uncertainties and other factors, many of which
are beyond our control. The forward-looking statements included in
this press release are made only as of the date hereof, and we
disclaim any intention or obligation to update any forward-looking
statements as a result of developments occurring after the date
hereof. Forecasts and estimates regarding True Velocity’s industry
and end markets are based on sources we believe to be reliable,
however there can be no assurance these forecasts and estimates
will prove accurate in whole or in part. Annualized, pro forma,
projected and estimated numbers are used for illustrative purpose
only, are not forecasts and may not reflect actual results.
No Offer or Solicitation This press release is
for informational purposes only and is not intended to and shall
not constitute an offer to sell or the solicitation of an offer to
sell or to buy any securities or a solicitation of any proxy,
consent, vote or approval with respect to any securities in respect
of the proposed transaction and is not a substitute for the Proxy
Statement/Prospectus or any other document that Breeze Holdings may
file with the SEC or send to Breeze Holdings’ or True Velocity’s
stockholders in connection with the proposed transaction. No offer,
sale, issuance or transfer of securities shall be made in any
jurisdiction in which such offer, sale, issuance or transfer would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Contacts:
True VelocityPat HoganExecutive Vice President
of Corporate Communications(770) 500-0279press@tvammo.com
Breeze Holdings Acquisition Corp.Investor
RelationsCody Slach and Cody CreeGateway GroupBREZ@gateway-grp.com
(949) 574-3860
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