Focus Impact Acquisition, a blank check company led by Wes Moore targeting a high-growth "social-forward" business, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Focus Impact Acquisition is led by Chairman Westley Moore, the former CEO of Robin Hood Foundation, one of the nation's largest anti-poverty focused charities, and CEO Carl Stanton, former Managing Partner and Head of Private Equity for Invesco Private Capital. The SPAC plans to target high-growth "Social-Forward Companies," which it defines as businesses that are meaningfully aligned with one or more of four UN SDGs: Good Health and Well-being; Quality Education; Decent Work and Economic Growth; and Reduced Inequality.
Focus Impact Acquisition plans to list on the Nasdaq under the symbol FIACU. Citi and Goldman Sachs acted as joint bookrunners on the deal.
