---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-001693"
form_type: "8-K"
ticker: null
cik: "0001335112"
company_name: "LOGIQ, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:10:02.575264+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Logiq closes merger with Abri SPAC for $114M in shares; dividend declared

## Summary
- Total consideration: 11,400,000 shares of Abri common stock valued at $114 million.
- DLQ becomes wholly-owned subsidiary of Abri; Logiq stockholders receive dividend of 3,762,000 Abri shares (0.027 per share).
- Approximately 53% of Consideration Shares subject to 11-month lock-up and escrow pending DLQ investors recouping original investment.
- Merger approved by Logiq stockholders on Oct 25, 2023; closed Nov 2, 2023.

## SEC filing metadata
- accession: 0001575872-23-001693
- form_type: 8-K
- cik: 0001335112
- company_name: LOGIQ, INC.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1335112/000157587223001693/0001575872-23-001693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1335112/000157587223001693/lgiq-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-001693
- JSON: https://secwatch.observer/filing/0001575872-23-001693.json
- Plain text: https://secwatch.observer/filing/0001575872-23-001693.txt

## Key facts
- M&A Transactions
  LOGIQ, INC. completed a disposition involving Abri SPAC I, Inc. for 11,400,000 shares of the Abri common stock valued at $114 million (closed 2023-11-02).
  - Action: disposition
  - Counterparty: Abri SPAC I, Inc.
  - Consideration: 11,400,000 shares of the Abri common stock valued at $114 million
  - Closing: 2023-11-02
  source text: redemptions of shares of common stock by public stockholders of Abri: ● The total consideration paid at Closing (the “ Merger Consideration ”) by Abri to DLQ security holders was 11,400,000 shares of the Abri common stock valued at $114 million (the “ Consideration Shares ”); - 2 - ● Each share of DLQ Common Stock, if any, that was owned by Abri, Merger Sub, DLQ or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1335112/000157587223001693/0001575872-23-001693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.