Abri SPAC I registered to offer 5 million units at $10 each. A unit consists of one share of common stock and one redeemable warrant, exercisable at $11.50.
The new SPAC said it will target companies that power transformation and provide disruptive technological innovation in a range of traditionally managed industries with particular emphasis on FinTech.
Abri is led by Chairman and CEO Jeffrey Tirman, who is also the CEO and director of Luxembourg-based KJK Sports S.A. and sits on the boards of several holdings including Tahe Outdoors based in France and Estonia, Baltic Vairus based in Lithuania, and Leader 96 based in Bulgaria. Since 2016 Tirman had been the chairman and CEO of Elan d.o.o., based in Slovenia.
Chardan, the representative of the underwriters, has a 45-day option to purchase up to an additional 750,000 units to cover over-allotments, if any.
The SPAC intends to apply for a Nasdaq listing under ASPAU. Read more.
