Crixus BH3 Proposes Amendments for Business Flexibility

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.

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