Los Angeles, CA October 24, 2023 --(PR.com)-- Abri SPAC I, Inc. (NASDAQ:ASPA, ASPAW, ASPAU, “, Abri”, )), a special purpose acquisition company (“SPAC”), today announced that at a special meeting held on October 23, 2023 (the “Special Meeting”), Abri’s stockholders voted to approve its proposed business combination (the “merger”) with DLQ, Inc., a provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. The combined company will operate under the name, “Collective Audience, Inc.”
At the Special Meeting, 2,326,538 or 96.5% of the shares of common stock were represented in person or by proxy and voted in favor of the Merger.
In connection with the Special Meeting, 639,963 shares were tendered for redemption. As a result, approximately $6,834,804 million (approximately $10.68 per share), after deducting allowable taxes, will be removed from the Company’s trust account to pay such holders. Following redemptions, the Company will have 41,555 public shares of common stock outstanding. Abri has no share rights in its structure.
After the closing, the combined company will be led by Mr. Brent Suen and will be supported by an experienced 5-member board. “Although the process was lengthy, the ability to list upon a senior stock exchange with streamlined capital structure and to enhance our financial profile is worth the extended timeline. We sincerely appreciate the Abri team, our counsel Procopio, and the guidance from Chardan Capital Markets, getting us here,” 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 ad targeted marketing.” Abri Ventures I, Inc., the SPAC sponsor, will have board representation, along with significant shareholdings in the merged entity.
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
DLQ, Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides a data-driven, end-to-end marketing through its results solution or providing software ...