| SPAC Prospectus Summary, Sponsor Compensation [Table Text Block] |
The following table sets forth the payments to
be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination
and the securities issued and to be issued by us to our sponsor or its affiliates:
| Entity/Individual |
|
Amount
of Compensation to be Received or Securities Issued or to be Issued |
|
Consideration
Paid or to be Paid |
| Breeze Sponsor II, LLC |
|
$5,000
per month |
|
Office space,
administrative and shared personnel support services |
| |
|
|
|
|
| Breeze Sponsor II, LLC |
|
4,391,892
ordinary shares (or up to 5,050,676
ordinary shares if the underwriters’ over-allotment option is exercised in full) |
|
$25,000 |
| |
|
|
|
|
| Breeze Sponsor II, LLC |
|
447,500
private placement units to be purchased simultaneously with the closing of this offering (or 475,625
private placement units if the underwriters’ over-allotment option is exercised in full) |
|
$4,475,000
(or $4,756,250
if the underwriters’ over-allotment option is exercised in full) |
| |
|
|
|
|
| Breeze Sponsor II, LLC |
|
Up to $300,000
in loans |
|
Repayment of
loans made to us to cover offering related and organizational expenses |
| |
|
|
|
|
| Breeze
Sponsor II, LLC, our officers, directors, or our or their affiliates |
|
Up to $1,500,000
in working capital loans, which loans may be convertible into private placement units at a price of $10.00
per unit at the option of the lender |
|
Working capital
loans to finance transaction costs in connection with an initial business combination |
| |
|
|
|
|
| Breeze
Sponsor II, LLC, our officers, directors, or our or their affiliates |
|
Finder’s fees, advisory fees,
consulting fees, success fees or salaries(1) |
|
Any services in order to effectuate the completion
of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside
the trust account
To the extent permitted by law, we may engage
our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain
other transactions and pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions |
| (1) |
Although no terms for any such arrangements have been determined and no written agreements exist with respect
to such arrangements, if such compensation is substantial it could result in material dilution to the equity interests of the public ordinary
shareholders. |
|
| SPAC Sponsor, Description of Exceptions to Restrictions [Text Block] |
Pursuant to a letter agreement to be entered with
us, each of our sponsor, directors and officers has agreed to restrictions on its ability to transfer, assign, or sell the founder shares
and private placement units, as summarized in the table below.
| Subject Securities |
|
Expiration Date |
|
Natural Persons and Entities Subject to Restrictions |
|
Exceptions to Transfer Restrictions |
| Founder shares |
|
The
earlier of (A) six months after the completion of our initial business combination or earlier if, subsequent to our initial business combination,
the closing price of the ordinary shares equals or exceeds $15.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period after our initial business combination
and (B) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange
or other similar transaction that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities
or other property. |
|
Breeze Sponsor II, LLC
J. Douglas Ramsey, Ph.D.
Richard Cabell
Charles Balch, M.D.
Rick Baldwin
Michael J. Pine
Anthony Przybyslawski
|
|
Transfers
permitted (a) to our officers, directors, advisors or consultants, any affiliate or family member of any of our officers, directors, advisors
or consultants, any members or partners of the sponsor or their affiliates and funds and accounts advised by such members or partners,
any affiliates of the sponsor, or any employees of such affiliates; (b) in the case of an individual, as a gift to such person’s
immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person
or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person;
(d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection
with any forward purchase agreement or similar arrangement, in connection with an extension of the completion window or in connection
with the consummation of a business combination at prices no greater than the price at which the shares or Share Rights were originally
purchased; (f) pro rata distributions from our sponsor to its respective members, partners or shareholders pursuant to our sponsor’s
limited liability company agreement or other charter documents; (g) by virtue of the laws of Delaware or our sponsor’s limited
liability company agreement upon dissolution of our sponsor; (h) in the event of our liquidation prior to our consummation of our initial
business combination; (i) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation,
merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their ordinary
shares for cash, securities or other property; or (j) to a nominee or custodian of a person or entity to whom a transfer would be permissible
under clauses (a) through (g); provided, however, that in the case of clauses (a) through (g) and clause (j) these permitted transferees
must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter
agreement. |
| Subject Securities |
|
Expiration Date |
|
Natural Persons and Entities Subject to Restrictions |
|
Exceptions to Transfer Restrictions |
Private placement units (including underlying securities) |
|
30
days after the completion of our initial business combination |
|
Breeze Sponsor II, LLC
J. Douglas Ramsey, Ph.D.
Richard Cabell
Charles Balch, M.D.
Rick Baldwin
Michael J. Pine
Anthony Przybyslawski
|
|
Same
as above. |
| |
|
|
|
|
|
|
| Any units, Share Rights, ordinary shares or any other securities convertible into,
or exercisable or exchangeable for, any units, ordinary shares, founder shares or rights |
|
180 days from
the date of this prospectus |
|
Breeze Sponsor II, LLC
J. Douglas Ramsey, Ph.D.
Richard Cabell
Charles Balch, M.D.
Rick Baldwin
Michael J. Pine
Anthony Przybyslawski
|
|
We,
our sponsor and our officers and directors have agreed that, for a period of 180 days from the date of this prospectus, we and they will
not, without the prior written consent of the representative of the underwriters, offer, sell, contract to sell, pledge or otherwise dispose
of, directly or indirectly, any units, Share Rights, shares or any other securities convertible into, or exercisable, or exchangeable
for, shares, subject to certain exceptions. The representative in its sole discretion may release any of the securities subject to these
lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be with notice. Our sponsor,
officers and directors are also subject to separate transfer restrictions on their founder shares and private placement units pursuant
to the letter agreement described in the immediately preceding paragraphs. |
| |
|
|
|
|
|
|
| Representative
shares |
|
180
days from the date of this prospectus |
|
IBC |
|
The
representative that it will not sell, transfer, assign, pledge or hypothecate the representative’s shares for a period of 180 days
following the date of this prospectus anyone other than: (i) an underwriter or a selected dealer participating in the offering,
or (ii) an officer, partner, registered person, or affiliate of the representative or of any such underwriter or selected dealer, in each
case in accordance with FINRA Conduct Rule 5110(e)(1). |
|