Summary by Futu AI
Collective Audience, Inc., previously known as Abri SPAC I, Inc., completed a business combination with DLQ, Inc., a subsidiary of Logiq, Inc., on November 2, 2023. The merger was executed through Abri Merger Sub, Inc., with DLQ surviving as a wholly-owned subsidiary. The transaction was unanimously approved by the boards of both companies and required stockholder approval. Post-merger, the company was renamed Collective Audience, Inc. and continued to be listed on NASDAQ. The merger consideration was $114 million, paid in shares of Collective Audience, Inc. The company focuses on consumer data management, lead generation, and digital marketing through its proprietary platform and owned brands. The merger aims to leverage DLQ's technology and services to enhance Collective Audience's market position. The company's financial statements have been restated to correct misstatements, and management has addressed liquidity concerns by exploring strategic alliances and potential financing options.