D-Orbit S.p.A., a Market Leader in Space Logistics, to Combine with Breeze Holdings Acquisition Corp. and Become a Publicly Listed Company
Combined Company Will Have an Estimated Enterprise Value of Approximately $1.28 Billion (€1.13 Billion)
Expected to be Listed on Nasdaq Capital Market Under the Ticker Symbol “DOBT” following Expected
Transaction Close in Second or Third Quarter of 2022
FINO MORNASCO, Como, Italy & IRVING, Texas, January 27, 2022 – D-Orbit S.p.A. (“D-Orbit” or the “Company”), an Italy-based and market leading space logistics and transportation company, today announced that it will become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company. The transaction values the Company at an enterprise value of approximately $1.28 billion (€1.13 billion) post-money.
In connection with the transaction and to help drive D-Orbit’s next phase of growth, Breeze Holdings and D-Orbit are partnering with The Charles F. Bolden Group (“The Bolden Group”), a consortium of leaders with extensive space and aerospace experience. The Bolden Group was founded in 2017 by Charles F. Bolden Jr., retired astronaut, Marine Corps Major General and the 12th Administrator of NASA, to foster leadership for the global advancement of science and security in the areas of Space/Aerospace Exploration; National Security; Science, Technology, Engineering, and Math + Art and Design (STEM+AD) Education; and Health Initiatives.