Focus Impact BH3 Acquisition Company announced a private placement and it has issued unsecured promissory note for a gross proceeds of $500,000 on February 26, 2024. The principal amount of the note is $500,000. The transaction included participation from new lender Focus Impact BHAC Sponsor, LLC.

The promissory note does not bear interest and matures upon closing of the Company?s initial business combination. Up to the total principal amount of the Promissory Note may be converted, in whole or in part, at the option of the lender into warrants of the Company at a price of $1.50 per warrant, which warrants will be identical to the private placement warrants issued to Crixus BH3 Sponsor LLC at the time of the initial public offering of the Company.