Focus Impact Acquisition Corp. (FIACU) Prices $200M IPO


Focus Impact Acquisition Corp. (FIACU) Prices $200M IPO

Oct 28, 2021 IPOs by Marlena Haddad

Focus Impact Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FIACU” Thursday, October 28.

The new SPAC intends to focus its search on businesses that are, or seek to be positioned as, a “Social-Forward Company”, which are companies that marry operating excellence with the desire to create Social good, with the benefit of increasing attention and capital flows to such companies while amplifying their social impact. Focus Impact is led by Chairman Westley Moore, CEO Carl Stanton, CFO Ernest Lyles, and CIO Wray Thorn.

Total SPAC deal count for 2021 year-to-date is now 499. This offering is expected to close on Monday, November 1.

Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering. CastleOak Securities, L.P. and Siebert Williams Shank are serving as co-managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.