Author: Jane Edwards|| Date Published: August 15, 2022
Italy-based space logistics provider D-Orbit and Breeze Holdings Acquisition (Nasdaq: BREZ), a special purpose acquisition company, have agreed to drop their plans to merge due to changes in market conditions.
In January, the two companies entered into a merger agreement that would result in D-Orbit becoming a publicly traded company with an enterprise value of about $1.28 billion.
D-Orbit CEO Luca Rossettini said in a statement published Friday the company remains confident about its continued growth amid market conditions and decision to cancel the proposed combination.
“Just this year alone, we have completed more missions than any of our peers, expanded and diversified our customer base across four continents with even more blue-chip companies looking to use our services, secured 11 additional slots with SpaceX and other global launch providers for 2023 and continued to build out the next phase of our In-Orbit Servicing technology, which is also generating revenues from early adopters within institutional and commercial space operators,” Rossettini added.
Since the announcement of the planned merger, D-Orbit has launched three additional ION Satellite Carrier missions, brought over 80 client payloads into orbit and deployed D-Orbit Space Cloud platform.
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
Dave Wajsgras, an eight-time Wash100 Award winner, has been named chairman and CEO of Everfox. The cybersecurity company said Monday that Wajsgras will…
The Transportation Security Administration has announced a contract opportunity with an estimated value exceeding $100 million for enterprise-wide IT support…
