Focus Impact BH3 waives conditions for XCF merger, allows closing despite unresolved loan, lease, and production issues

Focus Impact BH3 Acquisition Co

Waiver allows closing of BHAC/XCF business combination despite several unfulfilled conditions.
Six-member board post-close: 4 from XCF (Dange, Anderson, Cockrell, Kim), 1 from BHAC (Thorn), 1 independent (McCain).
Waived items include Greater Nevada Credit Union loan, Twain Ground Lease, SAF production issues, Phillips 66 ROFR not waived, Amended Key Agreement not executed, insurance not purchased.
No financial terms disclosed; deal proceeds with known open risks.

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