secwatch.observer — SEC 8-K summary
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Issuer:     Achari Ventures Holdings Corp. I (—)
CIK:        0001844507
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301257
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.03, 8.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Achari Ventures shareholders approve extension to July 2024; ~87K shares redeemed
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- 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- Holders of 87,380 shares redeemed at ~$10.89/share, total ~$951,568 withdrawn from trust.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844507/000119312523301257/0001193125-23-301257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844507/000119312523301257/d213175d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301257

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