Focus Impact BH3 Acquisition Co: debt financing — Crixus BH3 SPAC extends deadline to Sept 6, 2023; sponsor deposits $175K

Focus Impact BH3 Acquisition Co

Termination date extended from August 7, 2023 to September 6, 2023.
Sponsor deposited $175,440.72 ($0.035 per share) into trust account for extension.
Company issued promissory note to sponsor for up to $1,052,644.32 to fund further 30-day extensions.
Non-binding proposal with binding exclusivity exists, but no definitive agreement yet.
No assurances that a business combination will be completed by the new deadline.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Focus Impact BH3 Acquisition Co incurred loan of $175,440.72 with Crixus BH3 Sponsor LLC at non-interest bearing.

Instrument: loan
Principal: $175,440.72
Counterparty: Crixus BH3 Sponsor LLC
Rate: non-interest bearing
Event: incurrence

Exact text from the filing

On July 31, 2023, pursuant to and in accordance with the Amended and Restated Certificate of Incorporation (as amended, the “ Charter ”) of Crixus BH3 Acquisition Company (the “ Company ”), the Company’s sponsor, Crixus BH3 Sponsor LLC (the “ Sponsor ”), has provided the Company with a 30 day extension notice (the “ Extension Notice ”) relating to the date by which the Company must complete an initial business combination (the “ Termination Date ”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Focus Impact BH3 Acquisition Co entered into Promissory Note with Crixus BH3 Sponsor LLC valued at $175,440.72 (effective 2023-07-31).

Action: entry
Counterparty: Crixus BH3 Sponsor LLC
Value: $175,440.72
Effective: 2023-07-31

Exact text from the filing

the Company executed and delivered to the Sponsor a non-interest bearing, unsecured promissory note (the “ Promissory Note ”) equal to such Deposit Amount

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-23-200799

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.