specialpurpose acquisition company breeze holdings acquisition corp said it has struck a deal to merge with ammunition manufacturer tv ammo inc in a deal that will value the combined company at 124 billion once the deal has closed which is expected in the first quarter of 2023 the combined company will be renamed true velocity inc and is expected to trade on the nasdaq capital market the companies said true velocity intends to use the proceeds from the deal to expand into new markets and distribution channels and increase manufacturing capacity to 50 million to 60 million rounds in 2023 on monday true velocity entered a three to fiveyear strategic partnership with retailer bass pro shops through which true velocity will sell its ammunition across all channels within bass pro the companies said write to will feuer at willfeuerwsjcom