Abri SPAC I said its underwriters exercised their over-allotment option to purchase 733,920 units, generating additional gross proceeds of $7.34 million.
That brought the SPC’s total raise to $57.34 million.
Abri I units list on the Nasdaq under ASPAU.
Chardan was sole book running manager in the offering.
The new SPAC said it will target companies that power transformation and provide disruptive technological innovation in a range of traditionally managed industries. Read more.