As contemplated:
- The preliminary confidential target valuation is between
$225M and$300M . - The transaction would be executed simultaneously with Logiq’s pending
Abri de-SPAC deal whereby the confidential target acquisition would become a wholly owned subsidiary ofLogiq . - Properly structured, post-transaction the combined entity is expected to apply for Nasdaq or NYSE up-listing and complete a significant capital raise
The recent announcement of the
- Closing a significant capital raise in connection with the transaction, as well as
- Meeting listing qualifications to apply for an up-listing from Logiq’s current OTCQX listing to Nasdaq or NYSE after closing.
PrivCo attributes include:
1. A preliminarily agreed upon gross valuation for transaction purposes of between
2. Operates in a popular industry offering above-market secular growth potential
3. Large institutional shareholders including an American fund management company, Swiss bank and Asian conglomerate
The closing of the intended transaction with PrivCo is expected to occur not later than
About
Connect with Logiq: Website | LinkedIn | Twitter | Facebook
The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.
Important Cautions Regarding Forward Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.
These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our ability to consummate the SPAC transaction with Abri, our ability to consummate a transaction with PrivCo and subsequent ability to meet the listing requirements on either Nasdaq or NYSE, our ability to raise sufficient operating capital to adequately operate, our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the
Media & Investor Contact
ir@logiq.com
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