Focus Impact Acquisition in an 8-K filing today disclosed that 18,672,328 shares have been redeemed ahead of Monday’s shareholder meeting to consider a deadline extension until Aug. 1 with the option for nine addsitional monthly extensions at the board’s discretion.
Redemption withdrawlas may be made up until the shareholder meeting next week.
The SPAC sold 20 million shares in its October 2021 IPO with plans to focus on businesses that are positioned as a “Social-Forward Company,” which are companies that marry operating excellence with the desire to create social good. Read more.
