secwatch.observer — SEC 8-K summary
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Issuer:     Collective Audience, Inc. (—)
CIK:        0001854583
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084420
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.02, 9.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Collective Audience closes business combination with Abri SPAC I; stock now trades on Nasdaq
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- Closed merger of Abri SPAC I with DLQ; issued 11,400,000 shares valued at $114M as consideration.
- Post-closing shares outstanding: 13,220,063; 619,963 public shares redeemed for $6.65M ($10.72/share).
- Common stock begins trading on Nasdaq Global Market under symbol CAUD on Nov 3; warrants on OTC under CAUDW.
- Entered into Registration Rights, Management Earnout (up to 2M shares), Sponsor Earnout (up to 1M shares), and Lock-Up agreements.
- Sponsor granted right of first refusal for up to $30M in future financing, valid for 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854583/000121390023084420/0001213900-23-084420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854583/000121390023084420/ea187789-8k_collective.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084420

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer