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- SPAC Breeze Holdings (NASDAQ:BREZ), which agreed to take space logistics company D-Orbit in January, announced that it achieved a achieved a quorum to hold a special meeting next Thursday to extend the date it needs to complete a transaction to Sept. 26. The proposed transaction with D-Orbit remains on track to close in Q3.
- Breeze (BREZ) said stockholders who have submitted proxies to date "overwhelmingly" voted in support of the extension to be voted on at the special meeting, according to a statement. It's expected that the extension will be approved.
- D-Orbit will join related companies such as Richard Branson's Virgin Orbit Holdings (VORB), which went public in December through a SPAC transaction, and also space companies including Astra Space (ASTR) and Rocket Lab (RKLB) and others that have come public through SPAC deals.
- Last month, Ceres Acquisition (OTCQX:CERAF), which announced a non-binding LOI with Maritime Launch Services, extended a deadline to complete a SPAC deal.