Focus Impact Acquisition Corp. Files 8-K on Shareholder Vote Matters
Ticker: DEVS · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1854480
Sentiment: neutral
Topics: spac, shareholder-vote, corporate-action
Related Tickers: FIAC
TL;DR
FIAC filed an 8-K for shareholder vote matters, potentially signaling a move towards a business combination.
AI Summary
Focus Impact Acquisition Corp. filed an 8-K on September 13, 2024, to report matters submitted to a vote of its security holders. The filing details the company's Class A Common Stock and Redeemable Warrants, which are included as part of units. The company is incorporated in Delaware and its principal executive offices are located in New York.
Why It Matters
This filing indicates that Focus Impact Acquisition Corp. is proceeding with actions requiring shareholder approval, which could lead to significant corporate events such as a merger or acquisition.
Risk Assessment
Risk Level: medium — Filings related to shareholder votes for SPACs can indicate progress towards a business combination, but also carry risks associated with the outcome of the vote and the terms of any proposed deal.
Key Players & Entities
- Focus Impact Acquisition Corp. (company) — Registrant
- September 13, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- New York (location) — Principal Executive Offices
- Class A Common Stock (security) — Included as part of units
- Redeemable Warrants (security) — Included as part of units
FAQ
What specific matters were submitted to a vote of Focus Impact Acquisition Corp.'s security holders?
The filing indicates that matters were submitted to a vote, but the specific details of these matters are not elaborated upon in the provided text, beyond the inclusion of Class A Common Stock and Redeemable Warrants as part of units.
When was this 8-K report filed?
The report was filed on September 13, 2024.
What is the state of incorporation for Focus Impact Acquisition Corp.?
Focus Impact Acquisition Corp. is incorporated in Delaware.
Where are the principal executive offices of Focus Impact Acquisition Corp. located?
The principal executive offices are located at 250 Park Avenue Ste 911, New York, NY 10177.
What types of securities are mentioned as being included as part of the units offered by Focus Impact Acquisition Corp.?
The filing mentions Shares of Class A Common Stock and Redeemable Warrants as being included as part of the units.
Filing Stats: 721 words · 3 min read · ~2 pages · Grade level 15 · Accepted 2024-09-13 16:01:27
Key Financial Figures
- $0.0001 — g of one share of Class A common stock, $0.0001 par value, and one-half of one redeemab
- $11.50 — A common stock at an exercise price of $11.50 FIACW The Nasdaq Stock Market LLC
Filing Documents
- ef20035873_8k.htm (8-K) — 53KB
- 0001140361-24-041047.txt ( ) — 240KB
- fiac-20240913.xsd (EX-101.SCH) — 5KB
- fiac-20240913_def.xml (EX-101.DEF) — 19KB
- fiac-20240913_lab.xml (EX-101.LAB) — 29KB
- fiac-20240913_pre.xml (EX-101.PRE) — 21KB
- ef20035873_8k_htm.xml (XML) — 8KB
07
Item 5.07 Submission of Matters to a Vote of Security Holders. On September 13, 2024, Focus Impact Acquisition Corp. (the "Company") held a special meeting of stockholders (the "Special Meeting") relating to its previously announced business combination pursuant to that certain business combination agreement by and among the Company, Focus Impact Amalco Sub Ltd., a company existing under the laws of the Province of British Columbia and a wholly-owned subsidiary of the Company, and DevvStream Holdings Inc., a company existing under the Laws of the Province of British Columbia. The proposals submitted for a vote of the stockholders at the Special Meeting included (i) the Business Combination Proposal, (ii) the SPAC Continuance Proposal, (iii) the Nasdaq Proposal, (iv) the Charter Proposal, (v) the Advisory Charter Proposal, (vi) the Incentive Plan Proposal and (vii) the Adjournment Proposal. Such proposals are described in greater detail in the definitive proxy statement/prospectus of the Company, which was filed with the Securities and Exchange Commission on August 9, 2024. Holders of 6,774,532 ordinary shares of the Company held of record as of July 18, 2024, the record date for the Special Meeting, were present in person or by proxy at the meeting, representing approximately 90.72 % of the voting power of the Company's ordinary shares as of the record date for the Special Meeting, and constituting a quorum for the transaction of business. The voting results for the proposals were as follows: The Business Combination Proposal FOR 6,768,450 AGAINST 6,082 ABSTAIN 0 The SPAC Continuance Proposal FOR 6,768,450 AGAINST 6,082 ABSTAIN 0 The Nasdaq Proposal FOR 6,768,450 AGAINST 6,082 ABSTAIN 0 The Charter Proposal FOR 6,768,450 AGAINST 6,082 ABSTAIN 0 The Advisory Charter Proposal FOR 6,768,449 AGAINST 6,083 ABSTAIN 0 The Incentive Plan Proposal FOR 6,711,611 A GAINST 62,921 ABSTAIN 0