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Abri SPAC I, Inc. Announces Completion of Business Combination
NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Abri SPAC I, Inc. (Nasdaq: ASPA, ASPAW, ASPAU, “Abri”), a special purpose acquisition company (“SPAC”), today announced the closing of its previously announced business combination (the “Merger”) with DLQ, Inc., a provider of e-commerce and digital customer acquisition solutions for digital advertising, and a subsidiary of Logiq, Inc (OTCQX: LGIQ). The common stock of the combined company, which will operate as “Collective Audience, Inc.” (“Collective Audience”), is expected to commence trading on Nasdaq Global Market under the ticker symbol “CAUD” on November 3, 2023. Upon closing of the Merger, the previously-trading units of Abri ceased to trade and were separated into their component parts. Chardan Capital Markets served as the financial advisor to Abri in the transaction.
After the closing, the combined company will be led by Mr. Brent Suen and will be supported by an experienced 5-member board. “The ability to list upon a senior stock exchange with a streamlined capital structure and enhanced financial profile was well worth the extended timeline to close the merger,” said Mr. Brent Suen, CEO of DLQ, Inc.
Jeffrey Tirman, CEO and Chairman of Abri stated: “We are very pleased to finalize our merger with Collective Audience Inc. We believe that their focus on cutting edge customer acquisition and digital outreach is the future for high value-add targeted digital marketing.”
About Abri SPAC I, Inc.
Abri is a blank check company formed for the purpose of effecting a business combination with one or more businesses. Although there was no restriction or limitation on what industry or geographic region its targets operated in, Abri pursued prospective targets that provide technological innovation in a range of traditionally managed industries with particular emphasis on the financial services industry.
About DLQ-Collective Audience
DLQ, Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.
The Company’s digital marketing business includes a holistic, self-serve ad-tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.
Forward-Looking Statements
