GARLAND, Texas, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Less than nine months after announcing a strategic development partnership, Texas-based advanced technology company True Velocity and FN America, global leader in the development and manufacture of high-quality, reliable firearms and other technologies for military customers, announced today their efforts to produce a 6.8TVCM conversion kit for existing M240 machine guns are nearing completion, with availability for defense procurement expected as soon as Q4 ...

GARLAND, Texas, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Texas-based advanced defense technology company TV Ammo, Inc. ("True Velocity"), will be at booth #13454 from January 23 - 26 at SHOT Show 2024 hosted at the Venetian Expo and Caesars Forum in Las Vegas, Nevada. The company plans to display its advanced, composite-cased ammunition in several calibers and configurations, as well as its cutting-edge weapons and suppressor technology. "Every year, we look forward to unveiling new and innovative technology for t ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|-------|--------------------------|--------|------------------|-------|-------------------------|--------|------------------| | | | Three September \n2023 | Months | Ended 30, \n2022 | | Nine September \n2023 | Months | Ended 30, \n2022 | | Operating costs | $ | 369,952 | $ | 523,629 | $ | 1,563,416 | $ | 1,610,619 | | Loss from operations | | 369,952 | | 523,629 | | 1,5 ...

Common stock subject to possible redemption All of the 11,500,000 shares of common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company's liquidation, if there is a shareholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company's Amended and Restated Certificate of Incorporation. In accordance with SEC and its staff ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39718 BREEZE HOLDINGS ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 85-1849315 (State or other ...

Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public stockholders may receive only approximately $10.595 per share on our redemption of our public shares, or less than such amount in certain circumstances, and our warrants will expire worthless. We have encountered and continue to expect to encounter compet ...

Financial Position - As of September 30, 2022, the company had cash and marketable securities held in the Trust Account of $17,553,499, with a working capital deficit of $4,464,437[182][187]. - As of September 30, 2022, the company had $76 in cash held outside the Trust Account, indicating a significant reliance on the Trust Account for operations[187]. - The company has no off-balance sheet arrangements as of September 30, 2022[192]. Income and Revenue - For the three months ended September 30, 2022, the company reported a net income of $1,459,229, primarily from a gain on the change in fair value of warrant liabilities of $1,916,000[175]. - For the nine months ended September 30, 2022, the company achieved a net income of $4,837,633, driven by a gain on the change in fair value of warrant liabilities of $6,262,250[178]. - The company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination[174]. Initial Public Offering - The company completed its Initial Public Offering on November 25, 2020, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units[180]. - Following the Initial Public Offering, the company incurred transaction costs totaling $4,099,907, including $2,300,000 in underwriting fees[181]. - The Company issued 250,000 shares of common stock and 15,000 shares to a Consultant as part of a private placement, accounting for these as deferred offering costs related to the Initial Public Offering[200]. Stockholder Actions - The company redeemed 6,732,987 shares for $69,700,628 in connection with a stockholder meeting held on May 5, 2022[182]. - Common stock subject to possible redemption is classified as temporary equity and presented at redemption value, reflecting uncertain future events outside the Company's control[201]. Future Outlook and Concerns - The company anticipates incurring significant costs in pursuit of its acquisition plans, raising doubts about its ability to continue as a going concern[191]. - The Company has elected not to opt out of the extended transition period under the JOBS Act, allowing it to adopt new accounting standards at the same time as private companies[204]. - The Financial Accounting Standards Board issued ASU 2020-06, effective January 1, 2024, simplifying accounting for certain financial instruments, with no expected initial impact on the Company's financial statements[206]. Earnings Per Share - Net income per share is calculated by dividing net income by the weighted average number of common shares outstanding, with redeemable and non-redeemable shares presented as one class[203].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39718 BREEZE HOLDINGS ACQUISITION CORP. (Former name, former address and former fiscal year, if changed since last report) Securitie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39718 BREEZE HOLDINGS ACQUISITION CORP. (Former name, former address and former fiscal year, if changed since last report) Securiti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K BREZW The Nasdaq Stock Market LLC (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BREEZE HOLDINGS ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 001-39718 85-1849315 (State or ...