Breeze Acquisition Corp. II Closes 15 Million Dollar Over-Allotment Option
Special purpose acquisition company Breeze Acquisition Corp. II has finalized an over-allotment option for 1.5 million units, bringing its total IPO volume to 14 million units.
Breeze Acquisition Corp. II has closed the partial exercise of its over-allotment option, raising 15 million dollars. The transaction involved the sale of 1.5 million units at 10 dollars each, increasing the company's total initial public offering to 14 million units.
The units, which trade on the Nasdaq under the symbol BREZU, consist of one ordinary share and one right. These rights entitle holders to partial shares upon the successful completion of a business combination. As trading progresses, shares and rights are expected to trade separately under the symbols BREZ and BREZR.
IB Capital LLC and I-Bankers Securities, Inc. served as the book-running managers for the offering. Breeze Acquisition Corp. II, a Cayman Islands-incorporated blank check company, plans to utilize the proceeds to pursue acquisitions in sectors such as biotechnology, robotics, artificial intelligence, and manufacturing.