Focus Impact Acquisition Corp. Files 8-K
Ticker: DEVS · Form: 8-K · Filed: Oct 16, 2024 · CIK: 1854480
Sentiment: neutral
Topics: spac, warrants, filing
Related Tickers: FIAC
TL;DR
FIAC 8-K filed: Units include Class A stock + warrants exercisable at $11.50.
AI Summary
Focus Impact Acquisition Corp. filed an 8-K on October 16, 2024, reporting on other events and financial statements. The filing details units consisting of Class A common stock and redeemable warrants, with each warrant exercisable for one share of Class A common stock at an exercise price of $11.50.
Why It Matters
This filing provides important details about the structure of Focus Impact Acquisition Corp.'s units, including the exercise price of its redeemable warrants, which is crucial for investors to understand potential dilution and future share issuance.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine events and financial details without disclosing significant new risks or material adverse changes.
Key Numbers
- $11.50 — Warrant Exercise Price (Price at which redeemable warrants can be exercised for Class A common stock.)
Key Players & Entities
- Focus Impact Acquisition Corp. (company) — Registrant
- October 16, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- $11.50 (dollar_amount) — Warrant Exercise Price
FAQ
What is the exercise price of the redeemable warrants issued by Focus Impact Acquisition Corp.?
The redeemable warrants included as part of the units are exercisable for one share of Class A common stock at an exercise price of $11.50.
What does each unit of Focus Impact Acquisition Corp. consist of?
Each unit consists of one share of Class A common stock (par value $0.0001) and one-half of one redeemable warrant.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 16, 2024.
In which state is Focus Impact Acquisition Corp. incorporated?
Focus Impact Acquisition Corp. is incorporated in Delaware.
What is the Commission File Number for Focus Impact Acquisition Corp.?
The Commission File Number for Focus Impact Acquisition Corp. is 001-40977.
Filing Stats: 1,558 words · 6 min read · ~5 pages · Grade level 17.6 · Accepted 2024-10-16 16:46:47
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
- ny20037189x3_8k.htm (8-K) — 46KB
- ny20037189x3_ex99-1.htm (EX-99.1) — 16KB
- 0001140361-24-043563.txt ( ) — 258KB
- fiac-20241016.xsd (EX-101.SCH) — 5KB
- fiac-20241016_def.xml (EX-101.DEF) — 19KB
- fiac-20241016_lab.xml (EX-101.LAB) — 29KB
- fiac-20241016_pre.xml (EX-101.PRE) — 21KB
- ny20037189x3_8k_htm.xml (XML) — 8KB
01
Item 8.01 Other Events. On October 16, 2024, Focus Impact Acquisition Corp. (the " Company " or " FIAC ") began mailing of a notice of special meeting of stockholders (the " Notice ") to be held on October 31, 2024 at 3.30 pm ET as a virtual meeting. The purpose of the stockholder meeting is to amend the Company's amended and restated certificate of incorporation (the " Certificate of Incorporation ") to extend the date by which FIAC has to consummate a business combination from November 1, 2024 (the " Amended Termination Date ") to May 1, 2025 or a total of 6 months after the Amended Termination Date, unless the closing of a business combination shall have occurred prior thereto (the " Extension Amendment Proposal "). The approval of the Extension Amendment Proposal will give the Company additional time to complete the proposed business combination (the " Business Combination ") with DevvStream Holdings Inc. (" DevvStream "), which was already approved by the Company's stockholders at a special meeting on September 13, 2024. The Extension Amendment Proposal and the adjournment proposal that will also be considered and voted on at the stockholder meeting will be more fully described in a proxy meeting pursuant to the Certificate of Incorporation, as will described in more details in the proxy statement that will be mailed to stockholders of record of the Company prior to the stockholder meeting. A copy of the Notice is filed with this Current Report on Form 8-K (this " Current Report ") as Exhibit 99.1 and is incorporated herein by reference, and the foregoing description of the Notice is qualified in its entirety by reference thereto. Disclaimer This Current Report includes forward-looking statements. Forward-look
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Notice of Special Meeting of Stockholders 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 16, 2024 FOCUS IMPACT ACQUISITION CORP. By: /s/ Carl Stanton Name: Carl Stanton Title: Chief Executive Officer