Abri SPAC Calls Off Merger With Crypto Exchange Apifiny – Law360

By Hailey Konnath (July 25, 2022, 8:16 PM EDT) — Special purpose acquisition company Abri said Monday that it was pulling out of a planned $530 million merger with blockchain technology company Apifiny Group Inc., a call the SPAC said was made “by mutual agreement of all relevant parties.”

Abri SPAC I Inc. will be looking into an “alternative business combination,” according to a statement. It’s the latest in a growing list of failed SPAC mergers in the midst of market fatigue and the prospect of tighter rules from regulators. SPACs are alternative funding vehicles that acquire and take private companies public.

The Abri-Apifiny deal was announced in January. Apifiny said…

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Read More: Abri SPAC Calls Off Merger With Crypto Exchange Apifiny – Law360

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