4//SEC Filing
Focus Impact Sponsor, LLC 4
Accession 0001140361-23-059056
CIK 0001854480other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 9:38 AM ET
Size
8.4 KB
Accession
0001140361-23-059056
Insider Transaction Report
Form 4
Focus Impact Sponsor, LLC
Director10% Owner
Transactions
- Conversion
Class B common stock
2023-12-21−5,000,000→ 750,000 totalExercise: $0.00→ Class A Common Stock (5,000,000 underlying) - Conversion
Class A common stock
2023-12-21+5,000,000→ 5,000,000 total
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-255448) under the heading "Description of Securities-Founder Shares", the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]The reporting person is controlled by a four-member board of managers composed of Carl Stanton, Ernest Lyles, Howard Sanders and Wray Thorn. Each manager has one vote, and the approval of a majority of the managers is required to approve an action of the reporting person. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the reporting person. Based upon the foregoing analysis, no individual manager of the reporting person exercises voting or dispositive control over any of the securities held by the reporting, even those in which such manager holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such securities.
Documents
Issuer
Focus Impact Acquisition Corp.
CIK 0001854480
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001854479
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 9:38 AM ET
- Size
- 8.4 KB