Item 8.01. Other Events
On February 13, 2023, 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 February 19, 2023 to March 19, 2023 (the "Second
Extension"), pursuant to and in accordance with the terms of the Company's Third
Amended and Restated Certificate of Incorporation (the "Certificate of
Incorporation") and the Company's Amended and Restated Investment Management
Trust Agreement (the "Trust Agreement"). The Second Extension is the second 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 February 13, 2023, with respect to the exercise of the Second
Extension, the Company deposited $50,973.25 into the Company's Trust Account in
connection with the exercise of the Second Extension. Such deposit with respect
to the Second 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
February 13, 2023 (and, for the avoidance of doubt, inclusive of the deposit of
$50,973.25 into the Trust Account in connection with the exercise of the Second
Extension as described above), the Trust Account held approximately
$10,633,364.72.
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ACHARI VENTURES HOLDINGS CORP. I 
