Recent Updates — BREZR

Breeze Acquisition Corp. II announced on August 28, 2026, that its previously issued audited balance sheet as of May 14, 2026, should no longer be relied upon due to an accounting error regarding legal advisor fees and obligations under an Engagement Letter with CBIZ CPAs P.C. The company inappropriately recorded accrued expenses of $1,957,000 for future cash payments and $93,000 in additional paid-in capital for equity consideration, while failing to recognize a $1,150,000 receivable from the Sponsor for cash disbursed as offering costs. The Audit Committee identified a material weakness in internal controls over financial reporting related to vendor contract reviews, prompting remediation procedures. Breeze Acquisition Corp. II operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.

Breeze Acquisition Corp. II received a notice from Nasdaq on August 20, 2026, indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Form 10-Qs for the periods ended March 31 and June 30, 2026. The company has until September 21, 2026, to submit a compliance plan and may receive an extension of up to 180 days, potentially until December 28, 2026, to file the delinquent reports. Trading of its securities continues unaffected at this time. Breeze Acquisition Corp. II is a blank check company incorporated in the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Breeze Acquisition Corp. II announced on June 9, 2026, that its units will cease to trade on June 11, 20Delivering a mandatory and automatic separation of its units into ordinary shares (ticker: BREZ) and rights (ticker: BREZR), which will trade separately on the Nasdaq Global Market. Breeze Acquisition Corp. II is a blank check company operating in the special purpose acquisition company ( special purpose acquisition company ( SPAC) sector.