Item 8.01. Other Events.
On December 19, 2022, Achari Ventures Holdings Corp. I (the
“Company”) announced that the special meeting of the Company’s
stockholders (the “Special Meeting”), which had been scheduled for
9:30 a.m. Eastern Time on December 19, 2022, was adjourned,
and will recommence at 2:00 p.m. Eastern Time on
December 22, 2022, via a virtual meeting live webcast at
The Special Meeting is being held for the purpose of considering
and voting on, among other related business, certain proposals to
amend the Company’s option to extend the period by which it must
consummate a business combination, from three months, or from
January 19, 2023 to April 19, 2023 to up to six months, or from
January 19, 2023 to July 19, 2023, with such extensions exercisable
in six single-month increments (the “Extension Proposals”). The
Extension Proposal and related matters are described in more detail
in the definitive proxy statement related to the Special Meeting
filed by the Company with the Securities and Exchange Commission
(the “SEC”) on November 25, 2022 as amended to date (the
“Definitive Proxy Statement”).
The record date for the Special Meeting remains the close of
business on November 16, 2022.
In light of the adjournment, the Company has extended the deadline
for public stockholders to submit their shares for redemption in
connection with the Extension Proposals to 5:00 p.m. Eastern Time
on December 20, 2022. Stockholders who wish to withdraw their
previously submitted redemption requests may do so prior to the
vote at the Special Meeting by requesting that the Company’s
transfer agent, Continental Stock Transfer & Trust
Company, return such shares.
Participants in the Solicitation
The Company and certain of its directors and executive officers and
other persons may be deemed to be participants in the solicitation
of proxies from the Company’s stockholders in respect of the
proposals to be considered and voted on at the Special Meeting.
Information concerning the interests of the directors and executive
officers of the Company is set forth in the Definitive Proxy
Statement which may be obtained free of charge from the sources
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
The Company has filed with the SEC the Definitive Proxy Statement
in connection with the Special Meeting to consider and vote upon
certain proposals and, beginning on November 25, 2022, mailed
the Definitive Proxy Statement and other relevant documents to its
stockholders as of the November 16, 2022 record date for the
Special Meeting. The Company’s stockholders and other interested
persons are advised to read the Definitive Proxy Statement and all
supplemental materials and any other relevant documents that have
been or will be filed with the SEC in connection with the Company’s
solicitation of proxies for the Special Meeting because these
documents will contain important information about the Company, the
Extension Proposals and related matters. Stockholders may also
obtain a free copy of the Definitive Proxy Statement, as well as
other relevant documents that have been or will be filed with the
SEC, without charge, at the SEC’s website located at www.sec.gov or
by directing a request to Morrow Sodali LLC, at (203) 658-9400 (call collect), (800)
662-5200 (call toll-free),
or by sending an email to AVHI.email@example.com.