True Velocity to go public via merger with Breeze Holdings Acquisition in a $1.2bn deal.

True Velocity, an advanced technology manufacturing company aimed at disrupting the global ammunition industry, agreed to go public via merger with Breeze Holdings Acquisition, a publicly traded special purpose acquisition company, in a $1.2bn deal. "At Breeze, we set out to find a company with emerging technologies looking to disrupt its industry and deliver outsized growth. After assessing numerous opportunities, we believe we have found just that company in True Velocity. Its products represent a significant advancement in an antiquated industry. We look forward to partnering with their team to support the execution of its strategic priorities and deliver long-term shareholder value," J. Douglas Ramsey, Breeze Holdings Chairman and CEO.