Abri SPAC I announced that its stockholders voted in favor of the business combination with DLQ, a provider of e-commerce and digital customer acquisition solutions through digital advertising. The combined company will operate under the name Collective Audience.
Abri I said 96.5% of the shares of common stock were represented in person or by proxy and voted in favor of the merger. The SPAC also disclosed that 639,963 shares were tendered for redemption, removing approximately $6.8 million ($10.68 per share) from the trust. Following redemptions, the company will have 41,555 public shares outstanding.
The deal was valued at $114 million when announced in September 2022.
No timeline was announced for when the deal might close. Read more.
