Filed by Breeze Holdings Acquisition
Corp.
pursuant to Rule 425 under the Securities
Act of 1933,
as amended and deemed filed pursuant
to
Rule 14a-12 under the Securities Exchange
Act of 1934,
as amended
Subject Company: Breeze Holdings Acquisition
Corp.
(Commission File No. 001-39718)
Date: March 21, 2022
|
D-Orbit
Announces Upcoming Launch of SPACELUST
its
Fifth ION Satellite Carrier Mission
|
D-Orbit
Announces Upcoming Launch of SPACELUST, its Fifth ION Satellite Carrier Mission
Scheduled
to launch in April 2022 aboard SpaceX Transporter-4 mission
Fino
Mornasco, Italy, March 21: D-Orbit, the space logistics and orbital transportation company, announced
today the upcoming launch of SPACELUST, the fifth mission using the Company’s proprietary ION Satellite
Carrier (ION), a flexible and cost-effective orbital transfer vehicle (OTV) spacecraft designed both to precisely deploy satellites
and perform technology demonstrations of third-party payloads in orbit.
ION
will lift off from the Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station (CCSFS), Florida, aboard the SpaceX
Falcon 9 Transporter-4 mission. The launch is scheduled for April 2022.
During
the mission, which will start in a 500 kilometer sun-synchronous orbit (SSO), ION will deploy four satellites from Kleos Space S.A.
(ASX:KSS, Frankfurt:KS1, Kleos), a space-powered radio frequency reconnaissance data-as-a-service (DaaS) company, and three satellites,
PlantSat, SUCHAI 2 and SUCHAI 3, developed at the Space Exploration Laboratory (SPEL) of the Faculty of Physical Sciences and Mathematics
(FCFM) at the University of Chile in collaboration with the University of Santiago de Chile.
The
launch of Kleos’ Patrol Mission (KSF2) will increase its reconnaissance capability by adding an additional four to the existing
constellation of eight satellites, each expanding Kleos’ data collection capability by up to an additional 119 million kilometers²
per day. In addition, the launch will increase the average daily revisit rate over a 15-degree latitude area of interest to around five
times a day.
The
twelve-satellite constellation will detect and geolocate radio frequency transmissions to within 300 meters, improving the intelligence,
surveillance, and reconnaissance (ISR) capabilities of governments and commercial entities, uncovering data points to expose illegal
activity on land and sea.
PLANTSAT
is a 3U CubeSat that will study the growth of a suitable plant in low Earth orbit, replicating the conditions that life will experience
on the surface of Mars. The Satellite of the University of Chile for Aerospace Investigation (SUCHAI) has two nanosats named SUCHAI
2 and SUCHAI 3, which will be launched into orbit to perform basic science research funded by the Air Force Office of Scientific
Research (AFOSR), the basic research technical directorate of the Air Force Research Laboratory (AFRL). Multidisciplinary teams will
undertake cutting edge research for scientific exploration and technological development.
|
D-Orbit
Announces Upcoming Launch of SPACELUST
its
Fifth ION Satellite Carrier Mission
|
Finally,
ION will host a payload from Upmosphere, an Italian start-up offering the opportunity to value one’s memories by placing
them in special wooden boxes, which will travel around the Earth for a few years aboard D-Orbit’s satellites. The payload consists
of a wooden UP-box containing mementos from four different clients.
“We
are looking forward to this new mission,” said Renato Panesi, Ph.D., D-Orbit’s Chief Commercial Officer. “Our
fifth ION mission represents an opportunity to collect additional data and continue to push the envelope of our spacecraft. We look forward
to continuing to expand our capabilities in space, helping our customers deliver their satellites in orbit just that much faster.”
SPACELUST is ION’s fifth mission in less than
two years and the second of 2022. D-Orbit launched its first ION in September 2020 aboard
an Arianespace VEGA launcher, then three further missions in January 2021, June 2021, and January 2022 aboard SpaceX’s Transporter-1,
Transporter-2, and Transporter-3 missions, respectively. With this mission, the Company will have launched to space more than 70 payloads
collectively.
While
preparing for this mission, the Company is also planning for an additional mission, which is currently scheduled for June 2022.
About
D-Orbit and Its Proposed Business Combination With Breeze Holdings
D-Orbit
is a market leader in the space logistics and transportation services industry with a track record of space-proven technologies and successful
missions.
Founded
in 2011, before the dawn of the New Space market, D-Orbit is the first company addressing the logistics needs of the space market. ION
Satellite Carrier, for example, is a space vehicle that can transport satellites in orbit and release them individually into distinct
orbital slots, reducing the time from launch to operations by up to 85% and the launch costs of an entire satellite constellation by
up to 40%. ION can also accommodate multiple third-party payloads like innovative technologies developed by startups, experiments from
research entities, and instruments from traditional space companies requiring a test in orbit.
D-Orbit
is a space infrastructure pioneer with offices in Italy, Portugal, the UK, and the US; its commitment to pursuing business models that
are profitable, friendly for the environment, and socially beneficial, led to D-Orbit becoming the first certified B-Corp space company
in the world.
As
previously announced on January 27, 2022, D-Orbit has entered into a business combination agreement among Breeze Holdings Acquisition
Corp. (“Breeze Holdings”) (NASDAQ: BREZ), a publicly traded special purpose acquisition company, D-Orbit and a newly formed
joint stock company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg (“Holdco”) pursuant
to which Holdco will become the publicly traded parent company of Breeze Holdings and D-Orbit upon the closing of the transactions. The
transaction is expected to close in the second or third quarter of 2022, subject to the satisfaction of customary closing conditions,
including certain governmental approvals and the approval of the shareholders of Breeze Holdings and the contribution of the D-Orbit
shares by the D-Orbit shareholders.
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 combination with one or more businesses or entities.
D-ORBIT S.p.A. I dorbit.space I d-orbit@pec.deorbitaldevices.com
Registered Office and Headquarters: Viale Risorgimento,
57 22073 Fino Mornasco (CO) IT
Como Business Register n. 07373150965 I Paid Share
Capital 111,347.00 € I VAT IT 07373150965
|
D-Orbit
Announces Upcoming Launch of SPACELUST
its
Fifth ION Satellite Carrier Mission
|
Additional
Information About the Business Combination and Where to Find It
In
connection with the proposed business combination transaction, Holdco intends to file with the Securities and Exchange Commission (the
“SEC”) a registration statement on Form F-4 that will include a proxy statement of Breeze Holdings and that also will constitute
a prospectus of Holdco with respect to the ordinary shares of Holdco to be issued in the proposed transaction (the “proxy statement/prospectus”).
The definitive proxy statement/prospectus (if and when available) will be delivered to Breeze Holdings’ and D-Orbit’s stockholders.
Each of Holdco and 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 D-ORBIT ARE URGED TO READ THE REGISTRATION STATEMENT,
PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION,
INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION.
Investors
and security holders may obtain free copies of the proxy statement/prospectus (if and when available) and other documents that are filed
or will be filed with the SEC by Breeze Holdings or Holdco through the website maintained by the SEC at www.sec.gov. Copies of the documents
filed with the SEC by Breeze Holdings or Holdco 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 Solicitation
Breeze
Holdings and its directors and executive officers are participants in the solicitation of proxies from the stockholders of Breeze Holdings
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’ Annual Report on Form 10-K for the year ended December 31, 2021
filed with the SEC on March 11, 2022. 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.
D-ORBIT S.p.A. I dorbit.space I d-orbit@pec.deorbitaldevices.com
Registered Office and Headquarters: Viale Risorgimento,
57 22073 Fino Mornasco (CO) IT
Como Business Register n. 07373150965 I Paid Share
Capital 111,347.00 € I VAT IT 07373150965
|
D-Orbit
Announces Upcoming Launch of SPACELUST
its
Fifth ION Satellite Carrier Mission
|
Cautionary
Note Regarding Forward-Looking Statements
This
press release contains forward-looking statements, including, among other things, statements regarding the anticipated benefits of the
proposed transaction and the combined company becoming a publicly listed company, the anticipated impact of the proposed transaction
on the combined companies’ business and future financial and operating results, the anticipated timing of closing of the proposed
transaction, the anticipated growth of the space economy, the success and customer acceptance of D-Orbit’s product and service
offerings, and other aspects of D-Orbit’s operations or operating results. Words such as “may,” “should,”
“will,” “believe,” “expect,” “anticipate,” “target,” “project,”
and similar phrases 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. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties,
and other factors that may cause future events to differ materially from the forward-looking statements in this press release, including
but not limited to: (i) the ability to complete the proposed transaction within the time frame anticipated or at all; (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 transaction may not be completed in a timely manner or at all, which may adversely affect the price of Breeze Holdings’
securities; (iv) the risk that the 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; (v) the failure to satisfy the
conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of
Breeze Holdings, the consummation of the exchange by the D-Orbit stockholders, the satisfaction of the minimum cash amount following
redemptions by the public stockholders of Breeze Holdings and the receipt of any governmental and regulatory approvals; (vi) the lack
of a third party valuation in determining whether or not to pursue the proposed transaction; (vii) the occurrence of any event, change
or other circumstance that could give rise to the termination of the business combination agreement; (viii) the impact of COVID-19 on
D-Orbit’s business and/or the ability of the parties to complete the proposed transaction; (ix) the effect of the announcement
or pendency of the transaction on D-Orbit’s business relationships, performance, and business generally; (x) risks that the proposed
transaction disrupts current plans and operations of D-Orbit and potential difficulties in D-Orbit employee retention as a result of
the proposed transaction; (xi) the outcome of any legal proceedings that may be instituted against D-Orbit or Breeze Holdings related
to the business combination agreement or the proposed transaction; (xii) the ability to obtain and maintain the listing of Holdco’s
securities and the ability to maintain Breeze Holdings’ securities, in each case on the NASDAQ Stock Market; (xiii) potential volatility
in the price of Breeze Holdings’ and Holdco’s securities due to a variety of factors, including changes in the competitive
and highly regulated industries in which D-Orbit operates, variations in performance across competitors, changes in laws and regulations
affecting D-Orbit’s business and changes in the combined company’s capital structure; (xiv) the ability to implement business
plans, identify and realize additional opportunities and achieve forecasts and other expectations after the completion of the proposed
transaction; (xv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which D-Orbit operates;
(xvi) the inability of D-Orbit and its current and future collaborators to successfully develop and commercialize D-Orbit’s services
in the expected time frame or at all; (xvii) the risk that the post-combination company may never achieve or sustain profitability; (xviii)
Holdco’s potential need to raise additional capital to execute its business plan, which capital may not be available on acceptable
terms or at all; (xix) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations;
(xx) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; (xxi) the risk that
orders that have been placed by customers for launches with D-Orbit are cancelled or modified; (xxii) that the material weaknesses in
D-Orbit’s internal control over financial reporting, if not corrected, could adversely affect the reliability of D-Orbit’s
financial reporting; (xxiii) the risk of regulatory lawsuits or proceedings relating to D-Orbit’s services; (xxiv) the risk that
D-Orbit is unable to secure or protect its intellectual property; and (xxv) the risk factors as set forth in the D-Orbit Investor Presentation,
dated January 2022. 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 or Holdco from time to time. The forward-looking statements
included in this press release are made only as of the date hereof.
D-ORBIT S.p.A. I dorbit.space I d-orbit@pec.deorbitaldevices.com
Registered Office and Headquarters: Viale Risorgimento,
57 22073 Fino Mornasco (CO) IT
Como Business Register n. 07373150965 I Paid Share
Capital 111,347.00 € I VAT IT 07373150965
|
D-Orbit
Announces Upcoming Launch of SPACELUST
its
Fifth ION Satellite Carrier Mission
|
No
Offer or Solicitation
This
press release 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 vote or approval and is not a substitute for the proxy statement/prospectus or any other document that Holdco
or Breeze Holdings may file with the SEC or send to Breeze Holdings’ or D-Orbit’s stockholders in connection with the proposed
transaction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities
Act.
Contacts
Patrizia
Tammaro Silva – Investor Relations
patrizia.tammaro@dorbit.space
Elena
Sanfilippo Ceraso – Media Manager
comms@dorbit.space
Follow
us on:
LinkedIn:
www.linkedin.com/company/d-orbit
Facebook:
facebook.com/deorbitaldevices/
Twitter:
twitter.com/D_Orbit
Instagram:
instagram.com/wearedorbit/
D-ORBIT S.p.A. I dorbit.space I d-orbit@pec.deorbitaldevices.com
Registered Office and Headquarters: Viale Risorgimento,
57 22073 Fino Mornasco (CO) IT
Como Business Register n. 07373150965 I Paid Share
Capital 111,347.00 € I VAT IT 07373150965
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