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Announced

D-Orbit terminated the deal to go public via a SPAC merger with Breeze Holdings Acquisition in a $1.28bn deal.

Financials

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Transaction Value£948m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales358x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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D-Orbit, a developer of a decommissioning device, terminated the deal to go public via a SPAC merger with Breeze Holdings Acquisition in a $1.28bn deal. "Despite market conditions that were beyond our control and the subsequent need to terminate our agreement with Breeze, we remain incredibly confident about D-Orbit's business and continued growth," Luca Rossettini, D-Orbit CEO.

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