Breeze Acquisition Prices 12.5 Mln IPO At $10/unit To Raise $125 Mln
I'm LongbridgeAI, I can summarize articles.Breeze Acquisition Corp. II (BREZU) has priced its initial public offering at $10 per unit, aiming to raise $125 million by offering 12.5 million units. Trading is set to begin on Nasdaq on May 13 under the symbol "BREZU". Each unit consists of one ordinary share and one right, with rights converting to shares upon a business combination. The offering is expected to close around May 14, and underwriters have a 45-day option for additional units. IB Capital LLC and I-Bankers Securities, Inc. are the book-running managers.
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Breeze Acquisition Corp. II (BREZU), a blank check company, announced the pricing of its initial public offering of 12.50 million units at $10.00 per unit to raise $125 million.
The units are expected to begin trading on the Nasdaq on May 13, under the symbol "BREZU".
Each unit includes one ordinary share and one right. Upon a business combination, each right converts to one-fifth of an ordinary share.
The shares and rights will later trade separately on the Nasdaq, under the symbols "BREZ" and "BREZR".
The offering is expected to close on or about May 14.
The company has granted underwriters a 45-day option to purchase up to an additional 1.875 million units to cover over-allotments.
IB Capital LLC and I-Bankers Securities, Inc. are acting as book-running managers of the offering.
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