secwatch.observer — SEC 8-K summary
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Issuer:     Achari Ventures Holdings Corp. I (—)
CIK:        0001844507
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001193125-23-186664
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 8.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Achari Ventures extends business combination deadline to Jan 2024; shareholders redeem 381K shares
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- Shareholders approved charter amendment to extend deadline from July 19, 2023 to January 19, 2024.
- Trust agreement amended to allow monthly extension option: deposit lesser of $100K or $0.05/share per month.
- 381,144 shares redeemed at ~$10.50/share for aggregate ~$4.0M; trust balance now ~$6.7M.
- Vote results: 3,128,962 for, 266,200 against each amendment (exceeds 65% approval threshold).
- Extension option exercisable in six single-month increments; first monthly deadline is the 19th of each month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844507/000119312523186664/0001193125-23-186664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844507/000119312523186664/d454606d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-186664

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