Focus Impact Acquisition priced its IPO of 20 million units at $10 each.
Units start trading today on the Nasdaq under FIACU. Each consists of one share of Class A stock and one-half of a warrant.
After the securities begin trading separately, shares and warrants will list under FIAC and FIACW.
The company intends to focus its search on businesses that are positioned as a “Social-Forward Company,” which are companies that marry operating excellence with the desire to create social good.
Citigroup and Goldman Sachs are joint book-running managers for the offering. CastleOak and Siebert Williams Shank are co-managers. The underwriters have the option to purchase up to an additional 3 milion units to cover over-allotments, if any. Read more.
