Crixus BH3 extends deadline to July 2024; 2.7M shares redeemed, ~$24.6M left in trust

Focus Impact BH3 Acquisition Co

Stockholders approved charter extension to July 31, 2024, and founder share conversion amendment.
Non-redemption agreements cover 1,946,794 shares; New Sponsor to transfer 389,359 shares post-business combination.
At special meeting, 2,700,563 shares redeemed; trust account expected ~$24.6 million after redemptions.
Sponsor converted 3,000,000 Class B shares to Class A; resulting outstanding: 5,312,029 Class A, 2,750,000 Class B.

item 1.01 item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Focus Impact BH3 Acquisition Co: Granted Class B common stock holders one-to-one conversion rights at any time (effective 2023-10-06).

Change: charter amendment
Effective: 2023-10-06

Exact text from the filing

(ii) provided for the right of a holder of shares of Class B common stock, par value $0.0001 per share (“ Class B common stock ”) to convert its shares of Class B common stock into shares of Class A common stock on a one-to-one basis at any time and from time to time at the election of the holder (the “ Founder Share Amendment ”)

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Focus Impact BH3 Acquisition Co: Extended the deadline to complete a business combination to July 31, 2024 (effective 2023-10-06).

Change: charter amendment
Effective: 2023-10-06

Exact text from the filing

(i) further extended the period of time by which the Company has to consummate an initial business combination to July 31, 2024 (the “ Charter Amendment ”)

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Focus Impact BH3 Acquisition Co shareholders approved Amend the Charter, extending the date by which it has to complete a business combination to July 31, 2024. at the 2023-10-06 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-10-06

Exact text from the filing

Charter Amendment Stockholders approved the proposal to amend the Charter, extending the date by which it has to complete a business combination to July 31, 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Focus Impact BH3 Acquisition Co shareholders approved Amend the Charter, giving holders of Class B common stock the right to convert their shares into Class A common stock on a one-to-one basis at any time and from time to time at the election of the holder. at the 2023-10-06 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-10-06

Exact text from the filing

Founder Share Amendment Stockholders approved the proposal to amend the Charter, giving holders of Class B common stock the right to convert their shares of Class B common stock into shares of Class A common stock on a one-to-one basis at any time and from time to time at the election of the holder.

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Source: SEC EDGAR

accession 0001193125-23-252457

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