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On March 27, 2023, BH3 Management announced its expansion into private equity with the launch of BH3 Growth Equity. Based in Fort Lauderdale, the firm aims to invest in businesses within real estate and construction sectors, focusing on those with annual revenues exceeding $10 million. BH3 has invested over $3 billion in total, combining equity and debt in commercial real estate since its inception in 2009. Rob Sales has been appointed as Senior Managing Director to lead this growth equity initiative. The firm aims to leverage its industry expertise to assist businesses in optimizing capital structures and accelerating earnings growth.
Crixus BH3 Acquisition Company (Nasdaq: BHACU) announced that holders of its IPO units, completed on October 7, 2021, can trade shares of Class A common stock and warrants separately starting November 26, 2021. Only whole warrants will be issued upon separation, and unsplit units will continue trading under the ticker 'BHACU.' The separation is facilitated by Guggenheim Securities, LLC and BTIG, LLC as joint bookrunners. The press release includes a disclaimer regarding the forward-looking statements related to the separation date.
Crixus BH3 Acquisition Company announced the successful closing of its initial public offering (IPO) on October 7, 2021, raising $230 million. The IPO involved 23 million units, including 3 million units from an over-allotment option, priced at $10.00 each. The units consist of one share of Class A common stock and one-half of a redeemable warrant, with warrants set to trade under the symbol BHACW. The company plans to focus on mergers within real estate, construction, and infrastructure sectors.