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‍Abri SPAC I (NASDAQ:ASPA) stock is rising higher on Wednesday after the special purpose acquisition company (SPAC) announced results from a shareholder meeting.

During that meeting, Abri SPAC I allowed shareholders to vote on several matters. Among these was the company’s business combination proposal.

The big news here is that investors voted in favor of the company’s business combination. This opens the way for the SPAC to merge with Logiq (OTCMKTS:LGIQ).

The deal also includes DLQ, which is a subsidiary of DLQ Parent. That would see it combine with a merger sub of Abri SPAC I and act as the surviving company of the merger. All of this would take place before the SPAC merges with Logiq.

The final portion of the merger deal will result in Logiq’s shares joining the Nadaq Exchange without the need for an uplisting.

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Disclaimer: This content is made for entertainment purposes only. This is not financial advice.