Achari Ventures Holdings I priced its IPO of 10 million units at $10 each. Units list on the Nasdaq and begin trading today under AVHIU.
The company’s initial focus will be on identifying acquisition opportunities with an ancillary business operating in the cannabis industry, including equipment, hardware, technology/software, or hydroponics.
Each unit consists of one share and a warrant. Once the securities begin trading separately, stock and warrants will list under AVHI and AVHIW.
Chardan is sole book-running manager. Reed Smith is counsel to the company, and White and Williams acted as counsel to Chardan. The underwriters hae an option to purchase up to an additional 1.5 million units to cover any over-allotments. Read more.
