Benzinga · Oct 20, 2021
Cannabis SPAC Achari Ventures Goes Public, Pricing Its IPO At $100M
The newest cannabis special purpose acquisition company (SPAC) Achari Ventures Holdings Corp. (NASDAQ: AVHIU) went public Friday. The company priced its initial public offering of 10 million units at $10.00 per unit. Its units are listed on the Nasdaq Global Market and started trading under the ticker symbol "AVHIU" on October 15, 2021. The New York-based company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Achari Ventures noted that its original focus will be on tracking acquisition opportunities with an ancillary (non-plant touching) company operating in the cannabis industry, including equipment, hardware, technology/software, or hydroponics. Its sponsors include Achari Sponsor Holdings ...
