spacetoday.net: D-Orbit to go public through SPAC merger

D-Orbit to go public through SPAC merger

Posted: Sat, Jan 29, 2022, 10:27 AM ET (1527 GMT)
Launch services provider D-Orbit is going public through a SPAC merger. The Italian company, which arranges rideshare launches of smallsats using its ION Satellite Carrier system, said Thursday it would merge with Breeze Holdings Acquisition Corp. in a deal that will provide up to $185 million in cash and value the company at $1.28 billion. Supporting the transaction is The Charles F. Bolden Group, an advisory firm founded by former NASA Administrator Charles Bolden.

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