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Breeze Holdings Acquisition Corp., a special purpose acquisition company, has announced that its publicly traded warrants and rights will be moving from the OTCQX Market to the OTCQB Market, effective Monday, June 16, 2025. This decision follows the company’s failure to meet the OTCQX Market’s continued qualification requirements.
On March 17, 2025, Breeze Holdings was notified by OTC Markets Group that its warrants (ticker:BRZHW) and rights (ticker:BRZHR) did not meet the necessary standards for continued listing on the OTCQX tier. The company had been given a 90-day period to rectify the situation but was unable to comply within the given timeframe.
The requirements in question involve the company’s need to demonstrate either net tangible assets of $2 million, average revenue of $6 million over the last three years, or a bid price of $5 per share. Additionally, the company must meet one of the following: net income of $500,000, net tangible assets of $1 million, revenues of $2 million, or total assets of $5 million.
Despite the delisting, Breeze Holdings’ common stock will continue to trade on the OTCQX Market under the symbol BRZH. The company is also proceeding with its previously announced plans for a business combination with YD Biopharma Limited and has stated that the transition of its warrants and rights to the OTCQB will not impact this process.
The information provided is based on the company’s recent SEC filing and reflects the latest developments regarding Breeze Holdings Acquisition Corp.’s financial instruments and trading platforms.
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