Crixus BH3 Acquisition Company announced a private placement of 6,400,000 private placement warrants at an issue price of $1.50 for gross proceeds of $9,600,000 on October 4, 2023. The transaction included participation of returning investor, Crixus BH3 Sponsor LLC. The warrants will become exercisable on the later of 30 days after the completion of the company's initial business combination and 12 months from the closing of the company's initial public offering.

Warrants are non-redeemable for cash and exercisable on a cashless basis so long as they are held by the initial purchasers or their permitted transferees.