Item 8.01 Other Events.
On April 5, 2023, Focus Impact Acquisition Corp. ("FIAC") filed a definitive
proxy statement (the "Extension Proxy Statement") in connection with a special
meeting of stockholders (the "Extension Meeting") to be held on April 24, 2023,
to consider and act upon a proposal to extend the date by which FIAC has to
consummate a business combination (the "Termination Date") from May 1, 2023 to
August 1, 2023 (the "Charter Extension Date") and to allow FIAC, without the
need for another stockholder vote, to elect to extend the Termination Date to
consummate a business combination on a monthly basis for up to nine times, by an
additional one month each time, after the Charter Extension Date, by resolution
of FIAC's board of directors (the "Board"), if requested by Focus Impact
Sponsor, LLC, a Delaware limited liability company (the "Sponsor"). The
Extension Proxy Statement was mailed to FIAC's stockholders of record as of
March 23, 2023. Stockholders may obtain a copy of the Extension Proxy Statement
at the SEC's website (www.sec.gov).
On April 24, 2023, FIAC decided to adjourn the Extension Meeting, without
conducting any other business, and to reconvene the Extension Meeting at 4:00
p.m., Eastern Time, on April 25, 2023.
As set forth in the Extension Proxy Statement, the deadline by which FIAC public
stockholders had to complete the procedures for electing to redeem their Class A
common stock, par value $0.0001 per share (the "Class A Common Stock"), was 5:00
p.m., Eastern Time, on April 20, 2023 ("Redemption Deadline"). The current
number of shares tendered for redemption prior to the Redemption Deadline and
not reversed 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 Following such redemptions, if not withdrawn, FIAC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,
2023, prior to 4:00 p.m., Eastern Time, subject to approval by the board of
directors of FIAC.
Stockholders may make such request by contacting our transfer agent, Continental
Stock Transfer & Trust Company, at One State Street, 30th Floor, New York, New
York 10004, Attn: Mark Zimkind (e-mail: mzimkind@continentalstock.com).
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