Brief: DLQ Announces Plans To List On Nasdaq Via Merger With ABRI SPAC I

Logiq

09/09/2022 14:19

Sept 9 (Reuters) - Abri SPAC I Inc  ASPA.O :
    * DLQ ANNOUNCES PLANS TO LIST ON NASDAQ VIA MERGER WITH ABRI
SPAC
I
    * LOGIQ INC - DLQ, INC. WILL BE SURVIVING ENTITY AND UPON
CLOSING,
WILL CHANGE ITS NAME TO DATALOGIQ, INC
    * LOGIQ INC - DLQ, INC. SENIOR MANAGEMENT WILL REMAIN WITH
MERGED
COMPANY
    * LOGIQ INC - DLQ, INC. AWHOLLY OWNED SUBSIDIARY OF LOGIQ,
INC.,
WILL MERGE INTO ABRI MERGER SUB, INC., A WHOLLY OWNED SUBSIDIARY
OF ABRI SPAC I
    * LOGIQ INC - DLQ, INC. UNOT OF LOGIQ INC WILL MERGE INTO
ABRI
MERGER SUB, INC., A WHOLLY OWNED SUBSIDIARY OF ABRI SPAC I, INC.
NASDAQ-LISTED COMPANY
    * LOGIQ INC - ABRI WILL ISSUE 11.4 MILLION SHARES IN
EXCHANGE FOR
DLQ SHARES. AT $10 PER ABRI SHARE, VALUATION OF DLQ IS $114
MILLION
    * LOGIQ INC - UPON CLOSING OF ACQUISITION, DLQ WILL CHANGE
ITS
NAME TO "DATALOGIQ, INC."
    * LOGIQ INC - ALL CASH REMAINING IN ABRI'S TRUST ACCOUNT
IMMEDIATELY AFTER CLOSING OF DEAL WILL BE AVAILABLE TO SURVIVING
ENTITY FOR WORKING CAPITAL

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

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