UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events |
Monthly Extension Option Exercise
On May 15, 2024, Achari Ventures Holdings Corp. I, a Delaware company (the “Company”), notified Continental Stock Transfer & Trust Company, the trustee of the Company’s trust account (the “Trust Account”), that it was extending (an “Extension”) the time available to the Company to consummate its initial business combination, from May 19, 2024 to June 19, 2024 (the “Fifth Extension”), pursuant to and in accordance with the terms of the Company’s Fifth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) and the Company’s Third Amended and Restated Investment Management Trust Agreement (the “Trust Agreement”). The Fifth Extension is the fifth of up to six (6) one-month Extensions permitted under the Company’s Certificate of Incorporation and Trust Agreement.
Pursuant to the terms of the Company’s Certificate of Incorporation and Trust Agreement, on May 16, 2024, with respect to the exercise of the Fifth Extension, the Company deposited $22,037.64 into the Company’s Trust Account in connection with the exercise of the Fifth Extension. Such deposit with respect to the Fifth Extension was made using funds held outside of the Company’s Trust Account and available to the Company to fund working capital requirements. As of May 19, 2024 (and, for the avoidance of doubt, inclusive of the deposit of $22,037.64 into the Trust Account in connection with the exercise of the Fifth Extension as described above), the Trust Account held approximately $6,265,453.81.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACHARI VENTURES HOLDINGS CORP. I | ||
| Dated: May 21, 2024 | ||
| By: | /s/ Vikas Desai | |
| Name: | Vikas Desai | |
| Title: | Chief Executive Officer | |