お知らせ • Nov 16
Abri SPAC I, Inc. announced delayed 10-Q filing On 11/15/2024, Abri SPAC I, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. お知らせ • Apr 03
Abri SPAC I, Inc. announced delayed annual 10-K filing On 04/02/2024, Abri SPAC I, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. お知らせ • Nov 02
Abri SPAC I, Inc. announces Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard On October 25, 2023, the Nasdaq Listing Qualifications staff of The Nasdaq Stock Market LLC, notified Abri SPAC I, Inc., that trading in the Company’s common stock, units and warrants had been halted, as the Company no longer satisfies the continued listing standard of maintaining 500,000 publicly traded shares. While the Trading Halt is in place, the Company understands that its common stock, warrants and units cannot be traded on any other exchange or in the over-the-counter market. Board Change • Oct 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director John Wepler was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Oct 26
Abri SPAC I, Inc. Announces Board Appointments On October 23, 2023, Abri SPAC I, Inc. held a special meeting of stockholders and elected the following as board members: Brent Suen, Elisabeth DeMarse and Denis Duncan. New Risk • Oct 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 37% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$180k free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Negative equity (-US$7.3m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (US$65.2m market cap). お知らせ • Sep 24
Abri SPAC I, Inc. Receives Non-Compliance Notice from Nasdaq On September 21, 2023, Abri SPAC I, Inc. received a notice (“Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s failure to maintain a minimum Market Value of Listed Securities (MVLS) of $35 million as set in Listing Rule 5550(b)(2) (the “Rule”) for the previous 30 consecutive trading days served as a basis for delisting of the Company’s securities (units, common stock and warrants) at the opening of business on October 2, 2023, unless the Company timely requests a hearing before the Nasdaq Hearings Panel. Previously, on March 23, 2023, Abri received a notice from the staff of Nasdaq indicating that the market value of its listed securities had been below the minimum $35,000,000 required for continued listing as set in the Rule for the previous 30 consecutive trading days, and was provided 180 calendar days, or until September 19, 2023, to regain compliance with the Rule in accordance with Listing Rule 5810(c)(3)(C). お知らせ • Sep 10
DLQ, Inc. entered into a definitive merger agreement to acquire Abri SPAC I, Inc. (NasdaqCM:ASPA) for approximately $110 million. DLQ, Inc. entered into a definitive merger agreement to acquire Abri SPAC I, Inc. (NasdaqCM:ASPA) for approximately $110 million on September 9, 2022. The valuation of DLQ is $114 million. Upon closing of the business combination, the combined company is expected to remain NASDAQ-listed under the name “DataLogiq, Inc.” DLQ, Inc. senior management will remain with the merged company. The Board of Directors of DLQ and Abri, respectively, have unanimously approved the transaction. Closing the transaction will require the approval of both Logiq and Abri stockholders. The transaction is expected to close in the first quarter of 2023. お知らせ • Jan 28
Apifiny Asset Network Inc. entered into a definitive business combination agreement to acquire Abri SPAC I, Inc. (NasdaqCM:ASPA). Apifiny Asset Network Inc. entered into a definitive business combination agreement to acquire Abri SPAC I, Inc. (NasdaqCM:ASPA) on January 27, 2022. The transaction is expected to close in Q3 2022 and is subject to approval by Abri stockholders and other customary closing conditions, including regulatory approvals. The Boards of both Apifiny and Abri have unanimously approved the proposed transaction. The transaction is subject to approval by the shareholders of Apifiny and Abri, respectively, and the satisfaction of the closing conditions set forth in the Merger Agreement. The proposed business combination contemplates that Apifiny stockholders will roll 100% of their equity into the combined company. Abri and Apifiny have each agreed that the combined company will satisfy all Nasdaq listing requirements at the close of the business combination and no specific minimum cash requirement exists. All cash remaining on Abri’s balance sheet at the closing of the transaction, after paying off transaction expenses, is expected to remain on Apifiny Group Inc.’s balance sheet for working capital, growth and other general corporate purposes. In the coming days, Abri will file an S-4 registration statement with the SEC, which will contain a proxy statement/prospectus, with the SEC in connection with the business combination. The transaction is expected to close in the third quarter of 2022. Chardan is acting as M&A and Capital Markets advisor. Mayer Brown is acting as legal counsel to Apifiny. Loeb & Loeb is acting as legal counsel to Abri.