Focus Impact Acquisition Corp (FIAC) shareholders have approved the previously announced business combination with DevvStream (CBOE: DESG, OTCQB: DSTRF, FSE: CQ0) at a Special Meeting on September 13, 2024. DevvStream shareholders had already approved the merger at their Annual General and Special Meeting on September 11, 2024. This transaction is expected to make DevvStream the first publicly traded carbon streaming company on a major U.S. stock exchange. DevvStream is a leading carbon credit project co-development and generation firm specializing in technology-based solutions. The full results of the Focus Impact stockholder vote will be filed with the SEC in a Current Report on Form 8-K.
Focus Impact Acquisition Corp. announced that starting December 20, 2021, holders of its initial public offering units can separately trade shares of Class A common stock and warrants. The IPO, which launched on November 1, 2021, consisted of 23 million units priced at $10 each. The units will continue to trade on NASDAQ under the symbol FIACU, while separated shares and warrants will trade under FIAC and FIACW, respectively. The offering included a 3 million unit over-allotment and was managed by Citigroup and Goldman Sachs among others.
Focus Impact Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 each, set to trade on Nasdaq under the ticker symbol FIACU starting October 28, 2021. Each unit consists of one share of Class A stock and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. The company aims to target 'Social-Forward Companies' for potential business combinations. The IPO is expected to close on November 1, 2021, pending customary conditions.