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Focus Impact BH3 Acquisition Company - $BHAC STOCK NEWS

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Rhea-AI Summary
XCF Global Capital, Inc. and Focus Impact BH3 Acquisition Co. have entered into a Business Combination Agreement to create a leading Sustainable Aviation Fuel producer in North America. XCF aims to rapidly scale its production capacity to over 200 million gallons of jet-ready SAF per year, contributing to reducing the aviation sector's carbon footprint. The implied pro forma enterprise value of the combined company is $1.84 billion.
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Rhea-AI Summary
Focus Impact BH3 Acquisition Corp. (NASDAQ: BHAC) announced a letter of intent with XCF Global Capital, Inc., a New York-based producer of sustainable fuels, valuing XCF at $1.75Bn. The transaction is subject to due diligence and closing conditions, aiming to capitalize on the growing demand for clean energy. XCF is a leading producer of renewable diesel, with plans to expand into sustainable aviation fuel, aiming to reduce greenhouse gas emissions from transportation.
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Focus Impact BH3 Acquisition Company

Nasdaq:BHAC

BHAC Rankings

BHAC Stock Data

84.95M
1.46M
63.08%
39.41%
0.03%
Shell Companies
Financial Services
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United States of America
NEW YORK