Crixus BH3 Acquisition Company Class A (BHAC) has issued an update.
Focus Impact BH3 Acquisition Company has proposed amendments that could extend the timeframe for completing a business combination to February 2025, with possible monthly extensions. Additionally, they plan to eliminate current redemption limitations, potentially increasing the funds in their trust account after a special stockholder meeting. The company also intends to negotiate non-redemption agreements with certain stockholders, offering them NewCo shares post-merger, without guaranteeing the incentive’s terms or availability. These strategic moves aim to provide more flexibility and retain capital in anticipation of their initial business combination with XCF Global Capital, Inc.
See more data about BHAC stock on TipRanks’ Stock Analysis page.
