Abri SPAC I extends business combination deadline to Feb 12, 2024; 570K shares redeemed

Collective Audience, Inc.

Stockholders approved charter and trust amendments to extend deadline to Feb 12, 2024 without additional trust deposit.
570,224 shares redeemed for ~$6.06M (~$10.62/share), reducing trust to ~$7.24M.
After redemption, public shares outstanding are 682,148.
Net tangible asset requirement removed for completing business combination.

item 1.01 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Collective Audience, Inc.: Amended certificate of incorporation to extend deadline for completing a business combination to February 12, 2024 and remove the $5,000,001 net tangible asset requirement (effective 2023-08-09).

Change: charter amendment
Effective: 2023-08-09

Exact text from the filing

the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on August 9, 2023 (the "Charter Amendment"), giving the Company the right to extend the date by which it has to complete a business combination to February 12, 2024.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Collective Audience, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-08-09).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-08-09

Exact text from the filing

on August 9, 2023, Abri SPAC I, Inc. (the “Company” or “ Abri ”) entered into an amendment to the investment management trust agreement dated as of August 9, 2021, with Continental Stock Transfer & Trust Company, as amended on December 9, 2022 (the “ Trust Amendment ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Collective Audience, Inc. shareholders approved Charter Amendment Proposal at the 2023-08-07 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-08-07

Exact text from the filing

Stockholders approved the proposal to amend the Company’s amended and restated certificate of incorporation, giving to give the Company the right to further extend the date by which it has to consummate a business combination until February 12, 2024

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Collective Audience, Inc. shareholders approved Trust Amendment Proposal at the 2023-08-07 meeting.

Outcome: passed
Meeting: 2023-08-07

Exact text from the filing

Stockholders approved the proposal to amend the Company’s investment management trust agreement, dated as of August 9, 2021 by and between the Company and Continental Stock Transfer & Trust Company to allow the Company to extend the time it has to complete a business to February 12, 2024

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-23-065287

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