Breeze Acquisition Corp. II says prior balance sheet should not be relied on
Breeze Acquisition Corp. II's Audit Committee concluded on August 28, 2026 that the audited balance sheet as of May 14, 2026, included in a June 2, 2026 Form 8-K, should no longer be relied upon due to an accounting error tied to legal advisor fees. The company also reported a material weakness in internal controls over contract review and said it disbursed cash under an obligation that did not exist.
Key points
- The Audit Committee made the conclusion on August 28, 2026, after discussion with the company's auditor, CBIZ CPAs P.C.
- The restatement removes $1,957,000 of accrued expenses and $93,000 of additional paid-in capital, and reclassifies the $1,150,000 cash payment as a receivable due from the Sponsor.
- The company identified a material weakness in internal control over financial reporting and is implementing remediation procedures.
- Restated financial statements are to be filed in an amendment to this Form 8-K and in the Form 10-Q for the quarter ended June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 28, 2026.
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