Focus Impact Acquisition in an 8-K said today's shareholder vote on an extension proposal has been adjounred until tomorrow at 4 p.m.
The SPAC on Friday disclosed that 94% of its trust had been removed on redemptions ahead of the shareholders meeting. If there are no redemption reversals, Focus Impact would have just under 5 million shares outstanding.
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.