secwatch.observer — SEC 8-K summary
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Issuer:     LOGIQ, INC. (—)
CIK:        0001335112
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001575872-23-001693
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1335112/000157587223001693/0001575872-23-001693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1335112/000157587223001693/lgiq-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-001693

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