Welcome to our dedicated page for ABRI SPAC I news (Ticker: ASPAU), a resource for investors and traders seeking the latest updates and insights on ABRI SPAC I stock.
Abri SPAC I, Inc. (symbol: ASPAU) is a special purpose acquisition company focused on identifying a high-potential target in the technology sector. The company aims to merge with a tech firm with innovative products or services that have the potential to disrupt the market. Abri SPAC I, Inc. has a strong management team with a proven track record in identifying successful investment opportunities. With a solid financial backing and strategic partnerships, the company is well-positioned to execute its merger strategy and create value for its shareholders.
Abri SPAC I, Inc. (NASDAQ: ASPA, ASPAW, ASPAU) announced that stockholders can reverse their redemption requests until 5:00 PM ET on December 9, 2022. The company will extend its initial business combination deadline from February 12, 2023, to August 12, 2023, through a $525,000 trust account contribution. At the special meeting, stockholders requested to redeem 4,931,548 shares, with approximately $10.20 per share available. Abri's merger with DLQ, Inc. is expected to close soon, allowing the combined entity to continue NASDAQ trading under the name DataLogiq, Inc.
Abri SPAC I, Inc. (NASDAQ: ASPAU) announced that from September 8, 2021, holders of units from its IPO on August 12, 2021 can separate and trade shares of common stock and warrants on Nasdaq. The common stock will trade under the symbol ASPA and the warrants under ASPAW. Units not separated will continue to trade as ASPAU. The securities offering was managed by Chardan, with a registration statement effective from August 9, 2021. Abri aims to pursue disruptive tech companies, particularly in financial services, for business combinations.
Abri SPAC I, Inc. (NASDAQ: ASPAU) announced the partial exercise of the underwriters' over-allotment option on August 23, generating additional gross proceeds of $7,339,200 from the sale of 733,920 units, each comprising one share of common stock and one redeemable warrant priced at $11.50 per share. The total issuance reached 5,733,920 units, yielding gross proceeds of $57,339,200. The units began trading on NASDAQ on August 10, 2021, with subsequent separate listings expected for common stock and warrants under the symbols “ASPA” and “ASPAW.”
Abri SPAC I, Inc. (Nasdaq:ASPAU) has successfully closed its initial public offering, selling 5,000,000 units at $10.00 each, yielding $50 million in gross proceeds. Each unit includes one share of common stock and a warrant to purchase an additional share at $11.50. The units began trading on Nasdaq on August 10, 2021, with plans for separate trading of stocks and warrants under symbols ASPA and ASPAW. The underwriters hold a 45-day option to buy an extra 750,000 units for over-allotments. Funds from the offering will support future business combinations.
Abri SPAC I, Inc. has priced its initial public offering (IPO) at $10.00 per unit, totaling 5,000,000 units. The units are set to trade on NASDAQ under the ticker symbol 'ASPAU' starting August 10, 2021, with the closing date anticipated for August 12, 2021. Each unit comprises one share of common stock and a redeemable warrant for one share at $11.50. Chardan is the sole book-running manager, with a 45-day option to purchase an additional 750,000 units. The offering aims to fund a business combination targeting disruptive technological innovation, particularly in financial services.
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