FinTech and InsurTech-focused SPAC Abri SPAC I prices $50 million IPO

Abri SPAC I, a blank check company targeting FinTech and InsurTech businesses, raised $50 million by offering 5 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.

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 businesses that power transformation and provide disruptive technological innovation in a range of traditionally managed industries, with particular emphasis on FinTech and the InsurTech subsector. 

Abri SPAC I plans to list on the Nasdaq under the symbol ASPAU. Chardan Capital Markets acted as sole bookrunner on the deal.