Focus Impact Acquisition Corp. (FIAC) Adjourns Extension Vote
by Marlena Haddad on 2023-04-24 at 9:54am

Focus Impact Acquisition Corp. (NASDAQ:FIAC) announced that it adjourned today’s special meeting, without conducting any other business, and will reconvene tomorrow, April 25, at 4:00 p.m.

As of now, the current number of shares tendered for redemption is 18,072,784. Following such redemptions, if not withdrawn, FIAC will have 4,927,216 shares of Class A Common Stock outstanding. The deadline for stockholders to withdraw previously submitted redemption requests is April 25.
Focus Impact currently has a completion deadline of May 1, but is seeking to potentially extend this timeline one year to May 1, 2024.
The SPAC announced the pricing of its $200 million IPO in October 2021, but has not found a target to combine with just yet. It intends to focus its search on businesses that are a “Social-Forward Company”, which are companies that marry operating excellence with the desire to create social good, with the benefit of increasing attention and capital flows to such companies while amplifying their social impact. Focus Impact is led by Chairman Westley Moore, CEO Carl Stanton, CFO Ernest Lyles, and CIO Wray Thorn.
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