425: Breeze Holdings and TV Ammo to Participate in the 36th Annual ROTH Conference

Breeze Holdings Acquisition Corp. and TV Ammo, Inc. will participate in the 36th Annual ROTH Conference, holding one-on-one meetings with institutional investors.

Summary

• Breeze Holdings Acquisition Corp. (BREZ) and TV Ammo, Inc. will be participating in the 36th Annual ROTH Conference from March 17-19, 2024.
• Doug Ramsey, Chairman and CEO of Breeze Holdings, will hold one-on-one meetings with institutional investors on March 18 and 19.
• TV Ammo is focused on revolutionizing the ammunition and weapons industry with its composite-cased ammunition, innovative weapons systems, and advanced manufacturing technology.
• TV Ammo has approximately 315 patents pending or issued surrounding its products, technology and manufacturing processes.
• True Velocity has filed a registration statement on Form S-4 with the SEC, including a proxy statement of Breeze Holdings and a prospectus of True Velocity.
• Investors are urged to read the registration statement, proxy statement/prospectus, and all other relevant documents filed with the SEC.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The announcement focuses on participation in a conference and reiterates the potential of the merger. However, it also includes extensive cautionary language regarding forward-looking statements and risks associated with the transaction.

Positives

• Participation in the ROTH Conference provides an opportunity to engage with institutional investors.
• TV Ammo's focus on innovation and its patent portfolio suggest a strong competitive position.
• The composite cartridge is designed to provide significant logistical advantages over traditional brass-cased ammunition.
• The 66,000-square-foot facility indicates a significant manufacturing capacity.

Risks

• The ability of the parties to complete the proposed transaction within the time frame anticipated or at all may adversely impact the price of Breeze Holdings securities.
• Failure to realize the anticipated benefits of the proposed transaction or those benefits taking longer than anticipated to be realized is a risk.
• The proposed transaction may not be completed by Breeze Holdings business combination deadline.
• Failure to satisfy the conditions to the consummation of the proposed transaction is a risk.
• The effect of the announcement or pendency of the proposed transaction on TV Ammos business relationships, performance and business generally is a risk.
• There are risks that the proposed transaction disrupts current plans and operations of TV Ammo and any potential difficulties in TV Ammo employee retention as a result of the proposed transaction.
• The outcome of any legal proceedings that may be instituted against TV Ammo or Breeze Holdings related to the definitive merger agreement or the proposed transaction or any product liability or regulatory lawsuits or proceedings relating to TV Ammos products or services is a risk.
• The ability to maintain the listing of Breeze Holdings (and after the closing of the proposed transaction, True Velocitys) securities on the Nasdaq Capital Market is a risk.
• Potential volatility in the price of Breeze Holdings (and after the closing of the proposed transaction, True Velocitys) securities due to a variety of factors is a risk.
• The ability to implement business plans, identify and realize additional opportunities and achieve forecasts and other expectations after the completion of the proposed transaction is a risk.
• The risk of downturns and the possibility of rapid change in the highly competitive industries in which TV Ammo operates or the markets that TV Ammo targets is a risk.
• The inability of TV Ammo and its current and future collaborators to successfully develop and commercialize TV Ammos products and services in the expected time frame or at all is a risk.
• The risk that the combined company may never achieve or sustain profitability or may need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all is a risk.
• The costs of the proposed transaction are a risk.

Future Outlook

The document contains forward-looking statements regarding the anticipated benefits and impact of the proposed transaction on the combined company's business and future financial and operating results, the anticipated timing of closing of the proposed transaction, the anticipated growth of the industries and markets in which TV Ammo competes, the success and customer acceptance of TV Ammos product and service offerings and other aspects of TV Ammos operations, plans, objectives, opportunities, expectations or operating results, the expected ownership structure of the combined company and the likelihood and ability of the parties to successfully consummate the proposed transaction.

Management Comments

• Doug Ramsey, Chairman and CEO of Breeze Holdings, will be holding one-on-one meetings with institutional investors.

Industry Context

This announcement reflects the ongoing trend of SPACs seeking merger targets in innovative sectors like advanced manufacturing and defense technology. TV Ammo's focus on composite-cased ammunition aligns with the industry's push for lighter, more efficient ammunition solutions.

Comparison to Industry Standards

• It is difficult to compare TV Ammo directly to industry standards without specific financial metrics.
• However, companies like Olin Corporation (OLN) and Vista Outdoor (VSTO) are major players in the ammunition market.
• TV Ammo's focus on composite-cased ammunition differentiates it from traditional brass-cased ammunition manufacturers.

Stakeholder Impact

• Shareholders of Breeze Holdings and TV Ammo are urged to read the proxy statement/prospectus before making any voting or investment decision.
• The proposed transaction could impact employees of TV Ammo.
• The proposed transaction could impact customers of TV Ammo.
• The proposed transaction could impact suppliers of TV Ammo.
• The proposed transaction could impact creditors of TV Ammo.

Next Steps

• Breeze Holdings and TV Ammo will participate in the 36th Annual ROTH Conference.
• Doug Ramsey will hold one-on-one meetings with institutional investors.
• Investors should read the registration statement, proxy statement/prospectus, and other relevant documents filed with the SEC.

Key Dates

Keywords

TV Ammo, Breeze Holdings, ROTH Conference, composite ammunition, merger, acquisition, investors, firearms, defense