Buckey
6 months ago
Collective Audience Issues Shares to Logiq for Special Dividend Distribution of Shares
NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Collective Audience, Inc. (Nasdaq: CAUD), a leading provider of digital consumer acquisition solutions, announced it has issued 3,762,000 of its common stock to Logiq, Inc. (OTCQX: LGIQ) in connection with the business combination involving Logiq’s now former subsidiary, DLQ, Inc., and Abri SPAC I, Inc. (Abri). The newly combined company was renamed Collective Audience, Inc.
Abri, which as previously traded on Nasdaq as ASPA, ASPAW and ASPAU, announced the completion of the business combination on November 2, 2023. On the same day, Logiq declared a special dividend distribution of the 3,762,000 shares of Collective Audience common stock to Logiq stockholders of record as of the dividend record date (October 24, 2023). The dividend will be distributed at a ratio of 0.027 shares of Collective Audience common stock per each one share of Logiq common stock.
Logiq reports that the dividend distribution process has begun, but no dividend of Collective Audience common stock has been issued or delivered to Logiq shareholders as of today’s date. Logiq has indicated that the actual delivery date and receipt of the dividend by shareholders may be delayed in some instances due to administrative factors and timing may vary depending upon the number of Logiq shares held on the record date, where they were being held, as well as other factors.
Important Caution to Stockholders Who Believe They Have Already Received the Shares
Logiq announced that it has received reports that certain brokerage firms have prematurely or erroneously credited their client's accounts with the dividend distribution of the Collective Audience shares. Further, some of these firms have facilitated the sale of the shares without having the actual shares in their possession, to the potential detriment of all shareholders including those at other brokerage firms who are adhering to well established regulatory policies and procedures.
Logiq expects any such sales of Collective Audience shares could result in a failure to deliver upon the trade settlement date. Logiq states it is investigating the matter and that it plans to pursue all corrective measures and remedies, legal or otherwise, as appropriate.
To be clear, according to Logiq, no dividend shares have yet been delivered to any holders of record of Logiq that are entitled to receive such dividend distribution of shares as described in Logiq’s filings with the U.S. Securities and Exchange Commission (SEC).
Additional details regarding the business combination and the issuance of the dividend of shares is available in a Form 8-K as filed with the SEC and available on www.sec.gov under Logiq, Inc.
About Collective Audience
Collective Audience is a U.S.-based provider of e-commerce and digital customer acquisition solutions that simplifies digital advertising. It provides data-driven, end-to-end marketing through its results solutions or access to data for activating campaigns across multiple channels.
The company’s digital marketing business includes a holistic, self-serve AdTech platform, a proprietary data-driven, AI-powered system that enables brands and agencies to advertise across thousands of the world’s leading digital media and connected TV platforms.
To learn more, visit collectiveaudience.co.
maverick_1
6 months ago
Spot on from 5 yrs ago HUGE CRATERING + NEW LOWS
bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=LGIQ&insttype=Stock&freq
GlobeNewswiredehazesearch
Abri SPAC I, Inc. Announces Completion of Business Combination
Shares will begin trading on the Nasdaq Global Market under the ticker “CAUD” on November 3, 2023
November 02, 2023 16:55 ET
| Source: Abri SPAC I, Inc.
NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Abri SPAC I, Inc. (Nasdaq: ASPA, ASPAW, ASPAU, “Abri”), a special purpose acquisition company (“SPAC”), today announced the closing of its previously announced business combination (the “Merger”) with DLQ, Inc., a provider of e-commerce and digital customer acquisition solutions for digital advertising, and a subsidiary of Logiq, Inc (OTCQX: LGIQ). The common stock of the combined company, which will operate as “Collective Audience, Inc.” (“Collective Audience”), is expected to commence trading on Nasdaq Global Market under the ticker symbol “CAUD” on November 3, 2023. Upon closing of the Merger, the previously-trading units of Abri ceased to trade and were separated into their component parts. Chardan Capital Markets served as the financial advisor to Abri in the transaction.
After the closing, the combined company will be led by Mr. Brent Suen and will be supported by an experienced 5-member board. “The ability to list upon a senior stock exchange with a streamlined capital structure and enhanced financial profile was well worth the extended timeline to close the merger,” said Mr. Brent Suen, CEO of DLQ, Inc.
Jeffrey Tirman, CEO and Chairman of Abri stated: “We are very pleased to finalize our merger with Collective Audience Inc. We believe that their focus on cutting edge customer acquisition and digital outreach is the future for high value-add targeted digital marketing.”
About Abri SPAC I, Inc.
Abri is a blank check company formed for the purpose of effecting a business combination with one or more businesses. Although there was no restriction or limitation on what industry or geographic region its targets operated in, Abri pursued prospective targets that provide technological innovation in a range of traditionally managed industries with particular emphasis on the financial services industry.
About DLQ-Collective Audience
DLQ, Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.
The Company’s digital marketing business includes a holistic, self-serve ad-tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.
Obstinate PunditS ripped themselves off in THEIR own lack of VISION/ Inexperience & not knowing Markets are RIGGED.
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Buckey
6 months ago
news
Abri SPAC I, Inc. Announces Completion of Business Combination
NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Abri SPAC I, Inc. (Nasdaq: ASPA, ASPAW, ASPAU, “Abri”), a special purpose acquisition company (“SPAC”), today announced the closing of its previously announced business combination (the “Merger”) with DLQ, Inc., a provider of e-commerce and digital customer acquisition solutions for digital advertising, and a subsidiary of Logiq, Inc (OTCQX: LGIQ). The common stock of the combined company, which will operate as “Collective Audience, Inc.” (“Collective Audience”), is expected to commence trading on Nasdaq Global Market under the ticker symbol “CAUD” on November 3, 2023. Upon closing of the Merger, the previously-trading units of Abri ceased to trade and were separated into their component parts. Chardan Capital Markets served as the financial advisor to Abri in the transaction.
After the closing, the combined company will be led by Mr. Brent Suen and will be supported by an experienced 5-member board. “The ability to list upon a senior stock exchange with a streamlined capital structure and enhanced financial profile was well worth the extended timeline to close the merger,” said Mr. Brent Suen, CEO of DLQ, Inc.
Jeffrey Tirman, CEO and Chairman of Abri stated: “We are very pleased to finalize our merger with Collective Audience Inc. We believe that their focus on cutting edge customer acquisition and digital outreach is the future for high value-add targeted digital marketing.”
About Abri SPAC I, Inc.
Abri is a blank check company formed for the purpose of effecting a business combination with one or more businesses. Although there was no restriction or limitation on what industry or geographic region its targets operated in, Abri pursued prospective targets that provide technological innovation in a range of traditionally managed industries with particular emphasis on the financial services industry.
About DLQ-Collective Audience
DLQ, Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.
The Company’s digital marketing business includes a holistic, self-serve ad-tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.
Forward-Looking Statements
LessIsMore
11 months ago
Shares issued at 10 cents
On April 21, 2023, the Company entered into a Share Exchange Agreement wherein, upon Closing, the Company would be required to issued 14,652,798 shares of Common Stock to Park Place Payments, Inc. at $0.10 per share, which constituted a discount to the current market rate at the time of the issuance.