Wed, May 28, 9:13 PM (26 days ago)
**Breeze Holdings Acquisition Corp. (BRZH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Cash Position:** $403K outside the Trust Account, $3.3M in the Trust Account. - **Operating Loss:** $3.4M for Q1 2025, primarily due to changes in warrant liabilities. - **Net Loss:** $3.4M for Q1 2025, with a basic and diluted net loss per share of $0.98. - **Cash Flow:** Negative operating cash flow of $490K, positive investing cash flow of $7.3M, and negative financing cash flow of $6.9M. **Key Metrics & Trends:** - **Revenue:** No operating revenue; non-operating income from interest and warrant liabilities. - **Profit Margins:** Negative due to operating losses and changes in warrant liabilities. - **Cash Flow:** Negative operating cash flow, positive investing cash flow from redemptions, and negative financing cash flow from loans. - **Earnings Changes:** Significant loss from changes in warrant liabilities. **Quarterly Performance & Discussion:** - **Operations:** No operational activities; focus on identifying a target for a business combination. - **Liquidity:** Dependence on Trust Account funds and loans from the Sponsor. - **Uncertainties:** Going concern uncertainties due to limited cash and working capital. - **Future Operations:** Plans to address liquidity through a business combination or additional loans. **Uncertainties & Future Impact:** - **Geopolitical Risks:** Potential impacts from global conflicts and tensions. - **Regulatory Risks:** Inflation Reduction Act and its potential impact on stock repurchases and business combinations. - **Market Risks:** Dependence on completing a business combination within the specified timeframe. **Conclusion:** Breeze Holdings Acquisition Corp. faces significant financial challenges, including limited cash, negative working capital, and uncertainties related to completing a business combination. The company's future operations and financial health depend on successfully identifying and completing a business combination within the specified timeframe.