Breeze Acquisition Corp. II said it has set the price for its initial public offering at $10.00 per unit, selling 12.5 million units and raising $125 million in gross proceeds. The units are due to begin trading on May 13, 2026 on the Nasdaq Global Market under the ticker "BREZU."
Each unit comprises one ordinary share and one right. The rights carry the entitlement to receive one-fifth of a single ordinary share upon the completion of an initial business combination. After the IPO, the sponsor expects the ordinary shares and the rights to begin trading separately on Nasdaq under the symbols "BREZ" for the ordinary shares and "BREZR" for the rights.
IB Capital LLC and I-Bankers Securities, Inc. are listed as the book-running managers for the offering. The underwriting syndicate has been granted a 45-day option to buy up to an additional 1.875 million units to cover any over-allotments arising from the offering. The transaction is scheduled to close on or about May 14, 2026, subject to customary closing conditions.
The Securities and Exchange Commission declared the registration statement for the securities effective on May 12, 2026.
Breeze Acquisition Corp. II is organized as a blank check company incorporated in the Cayman Islands. The company has stated that it will prioritize searches for prospective targets with global footprints and technology capabilities. Sectors specifically cited as areas of focus include healthcare, biotechnology, advanced manufacturing, robotics, artificial intelligence and related fields.
The net proceeds generated from the offering are intended to be used to finance one or more qualifying business combinations with targets meeting the companys stated criteria. Beyond the stated uses of proceeds and targeted industries, the companys future operations will depend on identifying and completing a suitable transaction.
Context and next steps
With the SEC registration declared effective and pricing complete, the immediate administrative milestones are the start of trading on May 13, 2026 and the expected closing around May 14, 2026, assuming customary closing conditions are satisfied. The underwriters 45-day over-allotment option may expand the offering size if exercised.
This structure - units that separate into shares and rights tied to a future business combination - follows the common blank-check model in which capital is raised first and a target is sought later. Breeze Acquisition Corp. II has signaled a focus on technology-enabled businesses across several sectors, and the proceeds are earmarked to fund such strategic combinations.