Brief: Apifiny Group Plans To List On Nasdaq Via Merger With Abri SPAC I

Collective Audience

27/01/2022 13:08

Jan 27 (Reuters) - Abri SPAC I Inc  ASPA.O :
    * APIFINY GROUP INC., A CROSS-EXCHANGE GLOBAL DIGITAL ASSET
TRADING PLATFORM, ANNOUNCES PLANS TO LIST ON NASDAQ VIA MERGER
WITH ABRI SPAC I, INC.
    * BUSINESS COMBINATION OF APIFINY AND ABRI HAS A PRO FORMA
ENTERPRISE VALUE AT SIGNING OF APPROXIMATELY $530 MILLION AT $10
PER SHARE
    * APIFINY STOCKHOLDERS WILL ROLL 100% OF THEIR EQUITY INTO
COMBINED COMPANY
    * TRANSACTION TERMS INCLUDE CONTRIBUTION OF UP TO $57
MILLION OF
CASH HELD IN ABRI'S TRUST ACCOUNT

Source text for Eikon:  ID:nBw5sY65Ra 
Further company coverage:  ASPA.O 

 ((Reuters.Briefs@thomsonreuters.com;))