NT 10-Q 1 brez-nt10q_20210331.htm NT 10-Q brez-nt10q_20210331.DOCX.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

FORM 12b-25

SEC FILE NUMBER

001-39718

 

 

 

 

 

 

 

CUSIP NUMBER

106762 107

106762 115

106762 123

 

 

NOTIFICATION OF LATE FILING

 

 

(Check one):

[ ] Form 10-K           [_] Form 20-F           [_] Form 11-K           [X] Form 10-Q        [_] Form 10-D
[_] Form N-SAR       [_] Form N-CSR

 

 

 

For Period Ended: March 31, 2021


[_] Transition Report on Form 10-K  
[_] Transition Report on Form 20-F  
[_] Transition Report on Form 11-K  
[_] Transition Report on Form 10-Q  
[_] Transition Report on Form N-SAR  
   
For the Transition Period Ended: ____________________

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

 

 Breeze Holdings Acquisition Corp.

Full Name of Registrant

 

 

Former Name if Applicable

 

955 W. John Carpenter Fwy., Suite 100-929

Address of Principal Executive Office (Street and Number)

 

 Irving, Texas 75039

City, State and Zip Code

 

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

[X]

 

(a)

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

 

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

 

(c)

The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Breeze Holdings Acquisition Corp. (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Q1 2021 Form 10-Q”) by the prescribed filing date due to the reasons described below.

The Company is working diligently to complete the Q1 2021 Form 10-Q as soon as possible; however, given the scope of the process for evaluating the impact on the Company’s financial statements of the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) issued by the staff of the Securities and Exchange Commission on April 12, 2021, the Company is unable to complete and file the Q1 2021 Form 10-Q by the required due date of May 17, 2021 without unreasonable effort and expense. The Company does, however, expect to file such report within five calendar days thereof.

After consideration of the guidance in the SEC Statement, the Company’s preliminary assessment is that its outstanding warrants should be accounted for as a liability and measured at fair value with changes in fair value each period reported in the Company’s statement of operations. The Company has not yet completed its final analysis of this change, but it expects the impact to be material to the Company’s previously filed financial statements.


 

PART IV — OTHER INFORMATION

 

 

 

 

 

 

(1)

Name and telephone number of person to contact in regard to this notification

 

 

 Doug Ramsey, CFO

 

 619

 

500-7747

 

(Name)

 

(Area Code)

 

(Telephone Number)

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

 

 

Yes  [X]     NO  [_]

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

 

Yes  [ ]     NO  [X]

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

We are required by Part IV, Item (3) of Form 12b-25 to provide as part of this filing an explanation regarding whether the results of operations we expect to report for the period ended March 31, 2021 will reflect significant changes from our results of operations for the corresponding period for the last fiscal year. We were incorporated on June 11, 2020. Because we have not completed our financial statements due to the reasons provided above, we are unable to provide a reasonable estimate of our results of operations for the period ended March 31, 2021. Accordingly, we cannot at this time estimate what significant changes will be reflected in our results of operations for the prior reporting period.

 

 

 

Breeze Holdings Acquisition Corp.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date:

May 18, 2021

 

By:

/s/ J. Douglas Ramsey, CFO