Vaso Corporation to merge with SPAC Achari, uplist to Nasdaq at $176M valuation

VASO Corp

Vaso to combine with Achari Ventures (AVHI) at $176M equity value ($10/share); expected close Q1 2024.
Existing Vaso shareholders will receive shares of the surviving public company; no cash consideration.
Vaso common stock and warrants to list on Nasdaq as VASO and VASOW after closing.
Holders of 44% of Vaso shares signed support agreements to vote in favor of the deal.
Vaso CEO Jun Ma will continue as CEO of the combined company post-merger.

Key facts

Extracted from this filing and checked against the source text.

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

VASO Corp entered into Business Combination Agreement with Achari Holdings Corp valued at $176,000,000 (effective 2023-12-06).

Action: entry
Agreement: merger
Counterparty: Achari Holdings Corp
Value: $176,000,000
Effective: 2023-12-06

Exact text from the filing

On December 6, 2023, Vaso Corporation, a Delaware corporation (" Vaso "), entered into a business combination agreement (the " Business Combination Agreement ") with Achari Holdings Corp, a Delaware corporation (" Achari "), and Achari Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Achari (" Merger Sub ").

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230 material agreements filed in the last 30 days. Browse all material agreements →

VASO Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-015266

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