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The latest update is out from Crixus BH3 Acquisition Company Class A (BHAC).
BHAC, a blank check company, has initiated a two-step business combination with XCF, a Nevada corporation, set to transform NewCo into a publicly traded entity. This strategic move will see BHAC merge with and into NewCo and subsequently, XCF merge into NewCo as well, with all existing stocks and warrants of BHAC and XCF being converted into NewCo shares and warrants respectively. The deal is contingent on customary closing conditions, including stockholder approvals and regulatory consents. To bolster the agreement, certain stockholders have entered into support agreements, promising to back the transaction and adhere to share lock-up provisions. This ambitious consolidation aims to fortify NewCo’s market position and promises an engaging prospect for investors in the evolving financial landscape.
For an in-depth examination of BHAC stock, go to TipRanks’ Stock Analysis page.
