Abri SPAC 2, a blank check company targeting high growth tech and tech-enabled businesses, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Beverly Hills, CA-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. At the proposed deal size, Abri SPAC 2 would command a market value of $130 million.
The company is led by CEO and Chairman Jeffrey Tirman, who currently serves as the CEO of Luxembourg-based KJK Sports and Slovenia-based Elan d.o.o. Tirman is also the founder of private investment and corporate advisory firm Abri Advisors. The company plans to target high growth technology and technology-enabled businesses that power transformation and provide disruptive technological innovation, particularly across the managed services, media, digital content, data analytics, transportation, distribution, and manufacturing sectors.
Management's previous SPAC, Abri SPAC I (ASPA; -1% from $10 off price), has a pending merger agreement with digital asset trading firm Apifiny.
Abri SPAC 2 was founded in 2021 and plans to list on the Nasdaq under the symbol ASPPU. The company filed confidentially on February 22, 2022. Chardan Capital Markets is the sole bookrunner on the deal.
