Abri SPAC I, Inc. Announces Completion Of Business Combination With DLQ, Inc.
Portfolio Pulse from Benzinga Newsdesk
Abri SPAC I, Inc. (NASDAQ:ASPA) has completed its business combination with DLQ, Inc., a subsidiary of Logiq, Inc (OTCQX: LGIQ). The combined company, named Collective Audience, Inc., will trade on the Nasdaq Global Market under the ticker symbol 'CAUD' from November 3, 2023. The merger was advised by Chardan Capital Markets and the new company will be led by Brent Suen.
November 02, 2023 | 9:49 pm
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POSITIVE IMPACT
Abri SPAC I, Inc. has completed its merger with DLQ, Inc., creating Collective Audience, Inc. which will trade under 'CAUD' on Nasdaq from November 3, 2023.
The completion of the merger is a significant event for Abri SPAC I, Inc. The new entity, Collective Audience, Inc., will likely have a more streamlined capital structure and enhanced financial profile, which could attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DLQ, Inc., a subsidiary of Logiq, Inc, has merged with Abri SPAC I, Inc. The new entity, Collective Audience, Inc., will trade under 'CAUD' on Nasdaq from November 3, 2023.
As a parent company of DLQ, Inc., Logiq, Inc. could potentially benefit from the merger due to the enhanced financial profile and increased visibility of the new entity, Collective Audience, Inc. This could attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80