DLQ Announces Effectiveness Of Registration Statement On Form S-4 In Connection With Pending Listing On NASDAQ Via Merger With Abri SPAC I
Portfolio Pulse from Benzinga Newsdesk
DLQ, Inc., a subsidiary of Logiq, Inc. (OTCQX:LGIQ), has announced the effectiveness of its registration statement on Form S-4 in connection with its pending merger with ABRI SPAC I, Inc. (NASDAQ:ASPA). The merger is expected to close in Q4 2023, subject to approval by the stockholders of both companies and Nasdaq's approval of the combined company's listing application. The combined company is expected to be renamed 'Collective Audience, Inc.' and remain listed on the Nasdaq Global Market under the proposed ticker symbols 'CAUD' and 'CAUDW'.
October 02, 2023 | 3:25 pm
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POSITIVE IMPACT
ABRI SPAC I is merging with DLQ, a subsidiary of Logiq. The merger, expected to close in Q4 2023, is subject to approval by ABRI's stockholders and Nasdaq's approval of the combined company's listing application.
The merger could potentially increase ABRI SPAC I's market presence and financial strength, which could positively impact its stock price. However, the merger is still subject to approval by ABRI's stockholders and Nasdaq.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Logiq's subsidiary, DLQ, is merging with ABRI SPAC I. The merger, expected to close in Q4 2023, is subject to approval by Logiq's stockholders and Nasdaq's approval of the combined company's listing application.
The merger could potentially increase Logiq's market presence and financial strength, which could positively impact its stock price. However, the merger is still subject to approval by Logiq's stockholders and Nasdaq.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100