Breeze Acquisition Corp. II — Form 8-K/A

Breeze Acquisition Corp. II (a SPAC) restated its May 14, 2026 balance sheet on August 28, 2026, correcting the accounting treatment of an advisory services agreement with legal advisors. The company had incorrectly accrued $1,957,000 in expenses and recorded $1,150,000 as offering costs when advisors had performed no services. The restatement reclassified the $1,150,000 as a receivable due from Sponsor (now a contra-equity item), eliminated the accrued expenses, and reduced accumulated deficit from $(1,501,291) to $(294,552). The company's total assets remain $126.4M, but shareholders' equity improved from $(1.5)M to $456K after restatement. The company has a May 14, 2027 deadline to complete a business combination and faces going-concern doubts.