Collective Audience Up 40% After Five Post-Merger Declines

By Josh Beckerman

Collective Audience shares were recently up 40%, to $3.17, on Friday, with an intraday range of $1.86 to $3.45, after five consecutive double-digit declines that followed a blank-check company merger.
Abri SPAC I said Nov. 2 that it completed its combination with digital marketing business DLQ, which was a unit of Logiq. The combined company was renamed Collective Audience.

Abri shares had more than doubled on Oct. 25, last trading at $27.06, when Nasdaq halted trading. Abri said in an Oct. 31 securities filing that Nasdaq had notified the company that it no longer satisfied the continued listing standard of maintaining 500,000 publicly traded shares. The merged company’s shares began trading Nov. 3.
Collective Audience said Monday that it issued 3.76 million shares to Logiq in connection with the combination and Logiq’s declaration of a special dividend.
Write to Josh Beckerman at [email protected]