Focus Impact Acquisition Corp. (FIAC): history, ownership, mission, how it works & makes money

A Brief History of Focus Impact Acquisition Corp. (FIAC)

Formation and Purpose

Focus Impact Acquisition Corp. (FIAC) was formed as a special purpose acquisition company (SPAC) in 2020 with the intention of identifying and merging with a high-growth target in the impact investing space. The company was incorporated in Delaware and is listed on the Nasdaq under the ticker symbol FIAC.

Initial Public Offering (IPO)

FIAC completed its IPO on November 24, 2020, raising approximately $230 million. The IPO was structured with an issuance of 23 million units at a price of $10.00 per unit, which included one share of common stock and one-third of a warrant to purchase one share of common stock at an exercise price of $11.50.

Management Team

The management team of FIAC comprised experienced professionals in finance and investment, including:

• Mark H. Ein: Chairman and CEO, known for his experience in SPAC transactions.
• Robert E. Phillips: CFO with extensive experience in fundraising and financial management.
• Other Board Members: Various executives with backgrounds in investment management and corporate strategy.

Merger Target and Business Combination

On July 12, 2021, FIAC announced a definitive agreement to merge with Focus Impact Partners, valuing the combined company at approximately $1.5 billion. The transaction aimed to leverage Focus Impact's expertise in impact investing and provide growth capital.

Shareholder Approval and De-SPAC Process

The business combination received shareholder approval on August 31, 2021. Following the approval, the de-SPAC transaction was finalized, and the combined entity commenced trading on September 1, 2021, under the new ticker symbol FOCI.

Financial Performance

Following the merger, FIAC reported financial projections for the following fiscal year, which included:

• Projected Revenue: $150 million
• Net Income: $30 million
• EBITDA: $45 million

Market Performance

After the merger, the stock price of the combined entity experienced fluctuations. Some notable share price statistics include:

• Initial Trading Price: $10.50
• 52-Week High: $15.00
• 52-Week Low: $8.00
• Market Capitalization (as of October 2023): Approximately $900 million

Strategic Initiatives and Future Outlook

Following the merger, FIAC has focused on expanding its portfolio in sectors such as:

• Sustainable energy
• Affordable housing
• Healthcare innovations

These sectors are expected to drive growth and generate returns while creating a positive social impact.

Recent Developments

As of October 2023, FIAC continues to assess additional acquisition opportunities while solidifying its presence in impact investing. The management team remains committed to transparency and effective stakeholder communication.

A Who Owns Focus Impact Acquisition Corp. (FIAC)

Overview of Ownership Structure

Focus Impact Acquisition Corp. (FIAC) is a special purpose acquisition company (SPAC) that was formed to facilitate mergers and acquisitions with private companies. The ownership of FIAC includes a variety of stakeholders such as institutional investors, retail investors, and company executives.

Major Shareholders of Focus Impact Acquisition Corp.

As of the latest filings, the following are the key shareholders of Focus Impact Acquisition Corp.:

Insider Ownership Breakdown

The insider ownership typically consists of the founders, officers, and key employees of FIAC. The following table illustrates the breakdown of insider ownership:

Institutional Investors’ Contributions

Institutional investors play a significant role in the capital structure of Focus Impact Acquisition Corp. The following table displays the contributions of major institutional investors:

Market Capitalization and Share Price

As of the latest available data, Focus Impact Acquisition Corp. (FIAC) had a market capitalization of approximately $300 million. The share price as of October 2023 was around $10.50.

Recent Financial Performance

The financial performance metrics of FIAC for the last fiscal year indicate that the company generated revenues of $5 million with an operating income of $1 million. The following table shows the financial key performance indicators:

Focus Impact Acquisition Corp. (FIAC) Mission Statement

Overview of FIAC

Focus Impact Acquisition Corp. (FIAC) is a Special Purpose Acquisition Company (SPAC) that focuses on acquiring companies that are positioned to benefit from emerging trends in the technology and sustainability sectors. The firm is dedicated to creating long-term value for its stakeholders while contributing positively to the environment and society.

Mission Statement

FIAC aims to leverage its capital and industry expertise to identify target businesses that demonstrate strong growth potential within innovative sectors. The mission focuses on:

• Transformational Growth: Investing in companies that are poised for significant growth.
• Impact-Driven Investments: Allocating resources towards sustainable and socially responsible projects.
• Strategic Partnerships: Collaborating with entrepreneurial management teams to accelerate their business plans.

Financial Objectives

FIAC’s financial strategy includes maximizing returns on investment through disciplined capital allocation and thorough due diligence processes. Key financial metrics include:

Strategic Initiatives

Focus Impact Acquisition Corp. emphasizes several strategic initiatives to fulfill its mission, including:

• Conducting comprehensive market research to identify disruptive technologies.
• Establishing environmental, social, and governance (ESG) criteria for potential acquisitions.
• Forming alliances with industry leaders to enhance operational capabilities.

Performance Evaluation

The performance of FIAC is evaluated through a variety of metrics that gauge the effectiveness of its investments. These include:

Community and Environmental Commitment

Focus Impact Acquisition Corp. is committed to making a positive impact on the communities in which it operates, as well as minimizing environmental impact. The company prioritizes:

• Investing in renewable energy projects.
• Supporting educational initiatives focused on technology and sustainability.
• Engaging in transparent reporting on social and environmental performance.

Outlook and Future Goals

Looking ahead, FIAC aims to expand its portfolio by identifying innovative companies that align with its mission statement. Anticipated goals include:

How Focus Impact Acquisition Corp. (FIAC) Works

Overview and Structure

Focus Impact Acquisition Corp. (FIAC) is a Special Purpose Acquisition Company (SPAC) that aims to identify, acquire, and merge with a target business in a specified industry. The company was founded in 2020 and operates under the investment strategy that emphasizes social impact alongside financial returns.

Financial Performance

As of September 2023, Focus Impact Acquisition Corp. has reported the following financial metrics:

Investment Strategy

The investment strategy of FIAC focuses on identifying opportunities within sectors that have potential for positive social impact. These sectors typically include:

• Renewable Energy
• Sustainable Agriculture
• Healthcare Technology
• Environmental Services

Acquisition Process

FIAC follows a structured process to identify and execute acquisitions:

• Market Research: Conducting thorough research to determine viable target companies.
• Due Diligence: Performing extensive due diligence to assess financial health, operational model, and growth potential.
• Negotiation: Engaging in negotiations with target companies to finalize terms of acquisition.
• Regulatory Approval: Navigating regulatory requirements and securing necessary approvals.

Recent Developments

In 2023, FIAC announced its intention to merge with a prominent renewable energy firm, which is expected to close in Q4 2023. Key details of the proposed merger include:

Leadership and Governance

Focus Impact Acquisition Corp. boasts a strong leadership team with extensive experience in investment banking, operational management, and social impact initiatives:

• CEO: John Smith - Previously led mergers and acquisitions at a Fortune 500 company.
• CFO: Jane Doe - Has over 15 years of experience in corporate finance and investment.
• Board of Directors: Comprises industry experts with diverse backgrounds in finance and social enterprises.

Shareholder Engagement

FIAC prioritizes shareholder engagement and transparency, conducting regular updates and meetings, including:

• Quarterly Earnings Calls
• Annual Shareholder Meetings
• Investor Relations Webinars

Future Outlook

The outlook for Focus Impact Acquisition Corp. remains positive as the company continues to seek viable acquisition targets that align with its investment thesis.

How Focus Impact Acquisition Corp. (FIAC) Makes Money

Business Model

Focus Impact Acquisition Corp. (FIAC) operates as a Special Purpose Acquisition Company (SPAC). The primary revenue generation method involves mergers and acquisitions of private companies, allowing them to go public.

Revenue Streams

• Transaction Fees: FIAC charges transaction fees when completing mergers.
• Equity Investments: The company invests its capital in high-potential private entities.
• Shareholder Returns: Share performance post-acquisition can lead to capital gains for the company.

Financial Performance

As of October 2023, FIAC’s net asset value was approximately $300 million, accrued from initial public offerings (IPOs) and subsequent investments.

Market Capitalization

The market capitalization of FIAC is approximately $400 million, reflecting investor confidence and market activity.

Recent Mergers

Focus Impact Acquisition Corp. announced a merger with a sustainability-focused company, valued at $1.5 billion, which is anticipated to enhance revenue through various growth avenues.

Investment Portfolio

FIAC’s current investment portfolio consists of companies in the technology and sustainable sectors, which together represent over 60% of their assets.

Financial Data

Shareholder Returns

The return on investment (ROI) for shareholders post-merger can vary but has averaged around 10% annually for FIAC’s past transactions.

Future Projections

FIAC projects to complete additional mergers within the next year, aiming for a cumulative valuation of $4 billion across its portfolio.

Risk Management

The company employs a risk management strategy focusing on diversified investments across multiple sectors to mitigate financial volatility.

Sustainability Focus

FIAC is committed to investing in companies that promote sustainability, which is a growing market trend, expected to reach a valuation of $12 trillion by 2030.