8-K
filed December 21, 2023, 6:59 PM ET
CIK 0001844507
other material
confidence high
sentiment neutral
materiality 0.50
Achari Ventures shareholders approve extension to July 2024; ~87K shares redeemed
Achari Ventures Holdings Corp. I
- Shareholders approved extending business combination deadline from Jan 19, 2024 to Jul 19, 2024 via six monthly extensions.
- Holders of 87,380 shares redeemed at ~$10.89/share, total ~$951,568 withdrawn from trust.
- Company exercised sixth extension to Jan 19, 2024, depositing $31,916 into trust.
- Outstanding shares post-redemption: 3,050,941; sponsor holds 51.5%.
- Redemption limitation removed; net tangible asset minimum of $5M no longer applies.
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 0.95
Achari Ventures Holdings Corp. I: Stockholders approved the Charter Amendment Proposal to amend the company's certificate of incorporation (effective 2023-12-18).
- Change
- charter amendment
- Effective
- 2023-12-18
Exact text from the filing
On December 18, 2023, the Company held the Special Meeting
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Redemption Limitation Amendment Proposal at the 2023-12-18 meeting.
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
Proposal No. 2— The Redemption Limitation Amendment Proposal Stockholders approved the Redemption Limitation Amendment Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Director Proposal, a proposal to re-elect the following two directors to the Company's board of directors, with each such director to serve as 'Class I' directors at the 2023-12-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
The voting results were as follows: NOMINEE FOR WITHHELD Seth Farbman 2,835,923 23,239 Kevin K. Albert 2,835,923 23,239
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Adjournment Proposal, a proposal to adjourn the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there were insufficient votes, or in certain other circumstances at the 2023-12-18 meeting.
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
Proposal No. 6— The Adjournment Proposal Stockholders approved a proposal to adjourn the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there were insufficient votes, or in certain other circumstances.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Trust Amendment Proposal at the 2023-12-18 meeting.
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
Proposal No. 3— The Trust Amendment Proposal Stockholders approved the Trust Amendment Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Auditor Proposal, a proposal to ratify the appointment by our audit committee of WithumSmith+Brown PC to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-12-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
Proposal No. 5— The Auditor Proposal Stockholders approved the Auditor Proposal, a proposal to ratify the appointment by our audit committee of WithumSmith+Brown PC to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Achari Ventures Holdings Corp. I shareholders approved The Charter Amendment Proposal at the 2023-12-18 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-18
Exact text from the filing
Proposal No. 1— The Charter Amendment Proposal Stockholders approved the Charter Amendment Proposal.
View on SEC.gov
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