Breeze Holdings Acquisition Corp. Files Q2 2025 10-Q
| Field | Detail |
|---|---|
| Company | Breeze Holdings Acquisition Corp. |
| Form Type | 10-Q |
| Filed Date | Aug 19, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, 10-q, financials, subsequent-event
TL;DR
Breeze Holdings Acquisition Corp. 10-Q filed: SPAC is still looking for a deal, with recent stock and IPO-related events.
AI Summary
Breeze Holdings Acquisition Corp. filed its 10-Q for the period ending June 30, 2025. The company, a blank check company, reported its financial status and highlighted several subsequent events. Notably, on August 14, 2025, there were transactions related to common stock and IPOs, and on August 18, 2025, a subsequent event was disclosed.
Why It Matters
This filing provides insight into the financial health and recent activities of Breeze Holdings Acquisition Corp., a special purpose acquisition company (SPAC), which is crucial for investors tracking its progress towards a business combination.
Risk Assessment
Risk Level: medium — As a SPAC, Breeze Holdings Acquisition Corp. carries inherent risks related to its ability to identify and complete a successful business combination within its specified timeframe.
Key Numbers
- Q2 2025 — Reporting Period (Quarterly report covers the period ending June 30, 2025.)
Key Players & Entities
- Breeze Holdings Acquisition Corp. (company) — Filer of the 10-Q
- 20250630 (date) — End of the reporting period
- 20250819 (date) — Filing date of the 10-Q
- August 14, 2025 (date) — Date of subsequent events related to IPO and common stock
- August 18, 2025 (date) — Date of a disclosed subsequent event
FAQ
What is the primary business of Breeze Holdings Acquisition Corp.?
Breeze Holdings Acquisition Corp. is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.
When does the reporting period for this 10-Q filing end?
The reporting period for this 10-Q filing ends on June 30, 2025.
What are some of the key subsequent events mentioned in the filing?
Key subsequent events include transactions related to IPOs and common stock on August 14, 2025, and a general subsequent event disclosed on August 18, 2025.
What is the fiscal year end for Breeze Holdings Acquisition Corp.?
The fiscal year end for Breeze Holdings Acquisition Corp. is December 31.
What is the SIC code for Breeze Holdings Acquisition Corp.?
The Standard Industrial Classification (SIC) code for Breeze Holdings Acquisition Corp. is 6770, which falls under 'Blank Checks'.
Filing Stats: 4,791 words · 19 min read · ~16 pages · Grade level 18.7 · Accepted 2025-08-19 17:22:54
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share BRZH OTCQX Best Mar
- $11.50 — of common stock at an exercise price of $11.50 per whole share BRZHW OTCQB Indicate
Filing Documents
- ea0252387-10q_breeze.htm (10-Q) — 664KB
- ea025238701ex31-1_breeze.htm (EX-31.1) — 12KB
- ea025238701ex32-1_breeze.htm (EX-32.1) — 4KB
- 0001213900-25-078591.txt ( ) — 4604KB
- brzh-20250630.xsd (EX-101.SCH) — 51KB
- brzh-20250630_cal.xml (EX-101.CAL) — 22KB
- brzh-20250630_def.xml (EX-101.DEF) — 191KB
- brzh-20250630_lab.xml (EX-101.LAB) — 343KB
- brzh-20250630_pre.xml (EX-101.PRE) — 271KB
- ea0252387-10q_breeze_htm.xml (XML) — 525KB
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 35 Part II. Other Information 37
Risk Factors
Item 1A. Risk Factors 37
Other Information
Item 5. Other Information 37
Exhibits
Item 6. Exhibits 38 Part III. Signatures 39 i PART I - FINANCIAL INFORMATION Item 1. INTERIM FINANCIAL STATEMENTS BREEZE HOLDINGS ACQUISITION CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, December 31, 2025 2024 ASSETS Current assets Cash $ 6,312 $ 101,674 Due from Sponsor 53,905 53,905 Prepaid expenses 97,334 55,305 Prepaid income taxes 34,531 36,689 Total Current Assets 192,082 247,573 Cash held in Trust Account 2,759,408 10,532,045 Total Assets $ 2,951,490 $ 10,779,618 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued expenses $ 591,403 $ 632,533 Trust amount payable to redeeming stockholders — 7,353,424 Franchise tax payable 68,202 50,450 Excise tax payable 166,285 160,441 Due to Sponsor 10,390,465 9,583,457 Total Current Liabilities 11,216,355 17,780,305 Warrant liabilities 7,785,500 2,877,250 Total Liabilities 19,001,855 20,657,555 Commitments Common stock subject to possible redemption, 224,413 and 893,712 shares at redemption value as of June 30, 2025 and December 31, 2024, respectively 2,659,408 3,078,621 Stockholders' Deficit Preferred stock, $ 0.0001 par value; 1,000,000 authorized; none issued and outstanding — — Common stock, $ 0.0001 par value; 100,000,000 shares authorized; 3,140,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024 (excluding common stock subject to possible redemption, 224,413 and 893,712 shares at redemption value as of June 30, 2025 and December 31, 2024, respectively) 315 315 Additional paid-in capital — — Accumulated deficit ( 18,710,088 ) ( 12,956,873 ) Total Stockholders' Deficit ( 18,709,773 ) ( 12,956,558 ) TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' DEFICIT $ 2,951,490 $ 10,779,618 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 1 BREEZE HOLDINGS ACQUISITION CORP. CONDENSE