Focus Impact Bh3 Acquisition CO
Market Movers (8-K)
Focus Impact BH3 Acquisition Company and XCF Global Capital, Inc. have mutually agreed to waive several conditions precedent to their business combination, aiming to facilitate the closing of the merger.
Delay expected
XCF Global Capital, Inc. has extended its business combination agreement with Focus Impact BH3 Acquisition Company, secured significant new debt and an equity line, but faces immediate challenges with substantial defaults on its primary loan and ground lease, leading to a temporary halt in sustainable aviation fuel production.
Worse than expected
Delay expected
Capital raise
Focus Impact BH3 Acquisition Company secures stockholder approval to extend the deadline for completing a business combination to May 7, 2025, with potential for further monthly extensions.
Delay expected
Focus Impact BH3 Acquisition Company and XCF Global Capital extend the deadline for their business combination agreement to May 31, 2025.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company and XCF Global Capital are set to merge, aiming to become a leading producer of sustainable aviation fuel (SAF) and list on Nasdaq under the ticker SAFX.
Capital raise
Focus Impact BH3 Acquisition Company's stockholders have approved the business combination with XCF Global Capital, paving the way for XCF Global to trade on the Nasdaq under the ticker SAFX.
Quarterly Earnings (10-Q)
Focus Impact BH3 Acquisition Company, a blank check company, reported a significant working capital deficit and raised substantial doubt about its ability to continue as a going concern, despite progressing towards a business combination with XCF Global Capital, Inc. and extending its termination date.
Worse than expected
Delay expected
Capital raise
10-Q: Focus Impact BH3 Acquisition Company Faces Delisting, Extends Merger Deadline Amidst Ongoing Losses
Focus Impact BH3 Acquisition Company reports a net loss for Q3 2024, extends its business combination deadline, and faces delisting from Nasdaq.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company reported a net loss for Q2 2024 and has extended the deadline for its initial business combination to February 7, 2025, with possible further extensions.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company reported a net loss of $2.5 million for the first quarter of 2024 and is progressing towards a business combination with XCF Global Capital.
Worse than expected
Capital raise
Annual Reports (10-K)
Focus Impact BH3 Acquisition Company files its annual report on Form 10-K, detailing its financial status and ongoing efforts to complete a business combination with XCF Global Capital.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company files an amended 10-K detailing its securities structure and restating its 2023 financials due to an accounting error related to waived underwriting commissions.
Worse than expected
Capital raise
Focus Impact BH3 Acquisition Company's 10-K filing details the company's registered securities, including units, Class A common stock, and public warrants.
Insider Trading (Form 4)
Focus Impact BHAC Sponsor, LLC has reported the disposal of all its Class A and Class B common stock in Focus Impact BH3 Acquisition Co, signaling the successful completion of the SPAC's initial business combination with XCF Global Capital, Inc.
XCF Global Capital, a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel, announced the appointment of Pamela Abowd as Chief Accounting Officer and secured an equity line of credit to support its growth and planned Nasdaq listing.
Capital raise
425: Focus Impact BH3 Acquisition Company Waives Key Conditions to Advance XCF Global Capital Merger
Focus Impact BH3 Acquisition Company (BHAC) has entered into a waiver agreement with XCF Global Capital, Inc. (XCF), allowing their business combination to proceed despite several unfulfilled closing conditions, including unresolved disputes and unexecuted agreements.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company and XCF Global Capital, Inc. extended their business combination agreement deadline to June 30, 2025, as XCF faces significant financial challenges including defaults on over $130 million in loans and leases, a temporary halt in sustainable aviation fuel production, and a series of new debt and equity financing arrangements.
Delay expected
Worse than expected
Capital raise
XCF Global Capital, Inc. disclosed significant financial obligations, including defaults on over $39 million in loans and lease payments, a temporary halt in sustainable aviation fuel production, and an extension of its business combination agreement, while also securing new debt and an equity line of credit.
Worse than expected
Capital raise
Delay expected
425: XCF Global Capital Targets 159 Million Gallons of SAF Production by 2028 Ahead of Nasdaq Listing
Sustainable fuels maker XCF Global Capital Inc. aims for 159 million gallons of annual sustainable aviation fuel production by 2028, leveraging its operational Reno facility and a pipeline of three new projects, as it prepares for a Nasdaq listing via SPAC.
Capital raise
Proxy Statements (Def-14A)
Focus Impact BH3 Acquisition Company is seeking stockholder approval to extend the deadline for completing a business combination, primarily to allow more time to finalize its deal with XCF Global Capital.
Worse than expected
Delay expected
Focus Impact BH3 Acquisition Company provides updates on its business combination agreement with XCF Global Capital, including details on a promissory note, the acquisition of New Rise Renewables, a consulting agreement, executive management changes, and waiver of lock-ups.
Focus Impact BH3 Acquisition Company is set to combine with XCF Global Capital, paving the way for XCF to become a publicly-traded entity focused on sustainable aviation fuel production.
Delay expected
Capital raise
Focus Impact BH3 Acquisition Company adjourned its special meeting of stockholders to July 31, 2024, to further consider the proposed extension for completing an initial business combination.
Delay expected
Focus Impact BH3 Acquisition Company is seeking stockholder approval to extend its deadline for completing a business combination and is offering incentives to stockholders who choose not to redeem their shares.
Delay expected
Focus Impact BH3 Acquisition Company postpones its special meeting regarding the extension of the business combination deadline to allow more time to engage with stockholders.
Delay expected
Schedule 13D - Activist Investments
SCHEDULE 13D/A: Focus Impact BHAC Sponsor Relinquishes Major Stake in Focus Impact BH3 Acquisition Co Post-Business Combination
Focus Impact BHAC Sponsor, LLC has reported ceasing beneficial ownership of 5% or more of Focus Impact BH3 Acquisition Co's Class A Common Stock following the closing of a business combination on June 6, 2025.