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Abri SPAC I, Inc. (ASPAW) Stock Analysis

DELISTED 2023

What happened to Abri SPAC I, Inc. (ASPAW) stock?

Abri SPAC I, Inc. (ASPAW) no longer trades on public markets. It was delisted in November 2023. The figures below are historical and are not a current quote.

Vol: 654.5K| 52-wk range: $0.0903 – $0.14
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Abri SPAC I, Inc. (ASPAW) trades at $0.0903. Abri SPAC I, Inc. , now known as Collective Audience, Inc. , specializes in e-commerce and digital consumer acquisition solutions. Sector: Financial services.

Last analyzed: Mar 16, 2026
Abri SPAC I, Inc., now known as Collective Audience, Inc., specializes in e-commerce and digital consumer acquisition solutions. The company's digital marketing services enable brands and agencies to advertise across various digital media platforms.

Analyst Coverage for ASPAW: ASPAW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ASPAW against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the ASPAW film Every key number, told as a short cinematic story — just press play. ~2 min

Abri SPAC I, Inc. (ASPAW) Financial Services Profile

CEOPeter Anthony Bordes Jr.
Employees23
HeadquartersNew York City, US
IPO Year2021

Abri SPAC I, Inc., operating as Collective Audience, provides digital marketing and e-commerce solutions, focusing on connecting brands with consumers through digital media and connected TV platforms. As a subsidiary of Logiq, Inc., the company navigates the competitive landscape of digital advertising in the United States.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 16, 2026

What Is the Investment Thesis for ASPAW?

As of Mar 16, 2026 — figures reflect the data available on that date.

Collective Audience, Inc. presents a focused approach to digital marketing and e-commerce solutions, leveraging its position as a subsidiary of Logiq, Inc. The company's gross margin of 87.2% indicates a strong ability to manage costs and generate revenue from its services. However, the negative profit margin of -37.7% suggests challenges in achieving overall profitability. Key growth catalysts include expanding its reach within the digital advertising market and developing new solutions to meet the evolving needs of its clients. Investors should monitor the company's ability to improve its profitability and capitalize on growth opportunities within the competitive digital marketing landscape. The company's small size, with 23 employees, also presents both opportunities for rapid growth and potential risks associated with limited resources.

Based on FMP financials and quantitative analysis

ASPAW Key Highlights

Gross margin of 87.2% demonstrates strong revenue generation relative to direct costs.

  • Negative profit margin of -37.7% indicates challenges in achieving overall profitability.
  • Operates as a subsidiary of Logiq, Inc., providing access to resources and expertise.
  • Focus on digital marketing and e-commerce solutions aligns with growing trends in online advertising.
  • Headquartered in New York City, positioning the company in a major business hub.

Who Are ASPAW's Competitors?

ASPAW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
NIHL New Infinity Holdings, Ltd. $0.10 +0.00% $10.8M 62
LRGR Luminar Media Group, Inc. $0.50 +47.06% $22.4M 68
CLAYU Chavant Capital Acquisition Corp. $10.97 +18.34% $27.5M 62
CLAY Chavant Capital Acquisition Corp. $10.66 +6.39% $29.6M 62
INACU Indigo Acquisition Corp. $12.08 +16.94% $34.9M 60
HHGC HHG Capital Corporation $11.12 +0.09% $56.2M 63
MAAQ Mana Capital Acquisition Corp. $5.99 -24.18% $57.0M 61
RCLFU Rosecliff Acquisition Corp I $11.33 +11.74% $77.2M 62

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are ASPAW's Key Strengths?

Expertise in digital marketing and e-commerce solutions.

  • Subsidiary of Logiq, Inc., providing access to resources.
  • Focus on emerging digital platforms and technologies.

What Are ASPAW's Weaknesses?

Negative profit margin indicates financial challenges.

  • Small size and limited resources.
  • Dependence on the digital advertising market.

What Could Drive ASPAW Stock Higher?

Potential partnerships with e-commerce platforms to expand reach and offer integrated advertising solutions.

  • Continued development and enhancement of digital marketing solutions to meet evolving client needs.
  • Expansion into new digital platforms and advertising channels.

What Are the Key Risks for ASPAW?

Financial-distress signal — its Altman Z-Score of -11.25 sits in the distress zone (elevated bankruptcy risk).

  • Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
  • Intense competition in the digital marketing industry could impact market share and profitability.
  • Economic downturns could lead to reduced advertising spending by clients.
  • Rapid technological advancements could require significant investments in new technologies and solutions.
  • Negative profit margin poses a risk to the company's financial stability.

What Are the Growth Opportunities for ASPAW?

  • Expansion into Emerging Digital Platforms: Collective Audience can capitalize on the growth of emerging digital platforms such as TikTok, Snapchat, and other social media outlets. By offering advertising solutions tailored to these platforms, the company can tap into new markets and reach younger demographics. The global social media advertising market is projected to reach $250 billion by 2026, providing a significant opportunity for Collective Audience to expand its revenue streams.
  • Development of AI-Powered Advertising Solutions: Investing in artificial intelligence (AI) to enhance its advertising solutions can provide Collective Audience with a competitive edge. AI can be used to optimize ad targeting, personalize ad content, and improve ad performance. The AI in marketing market is expected to reach $40 billion by 2027, driven by the increasing demand for data-driven marketing solutions. Collective Audience can leverage AI to provide more effective and efficient advertising solutions to its clients.
  • Strategic Partnerships with E-Commerce Platforms: Forming strategic partnerships with e-commerce platforms such as Shopify, Amazon, and Etsy can enable Collective Audience to offer integrated advertising solutions to online retailers. By integrating its services with these platforms, the company can provide seamless advertising experiences and reach a wider audience of e-commerce businesses.
  • Geographic Expansion into International Markets: Expanding its operations into international markets can provide Collective Audience with new growth opportunities. By targeting markets with high growth potential, such as Asia-Pacific and Latin America, the company can diversify its revenue streams and reduce its reliance on the US market. Collective Audience can leverage its expertise in digital marketing to capitalize on these international opportunities.
  • Focus on Connected TV (CTV) Advertising: With the increasing adoption of streaming services, Connected TV (CTV) advertising is becoming an increasingly important channel for reaching consumers. Collective Audience can focus on developing specialized advertising solutions for CTV platforms, enabling brands to reach viewers in a targeted and engaging way. Collective Audience can leverage its expertise in digital marketing to capitalize on this growing trend.

What Are ASPAW's Competitive Advantages?

  • Expertise in digital marketing and e-commerce solutions.
  • Relationship with parent company Logiq, Inc.
  • Focus on emerging digital platforms and technologies.

What Does ASPAW Do?

Collective Audience, Inc., formerly known as Abri SPAC I, Inc., is focused on delivering e-commerce and digital consumer acquisition solutions within the United States. The company's core business revolves around its digital marketing services, which enable brands and agencies to effectively advertise across a diverse range of digital media and connected TV platforms. By providing these services, Collective Audience aims to bridge the gap between businesses seeking to expand their reach and consumers who are increasingly engaging with digital content. Headquartered in New York City, Collective Audience operates as a subsidiary of Logiq, Inc. The company leverages its expertise in digital marketing to offer targeted advertising solutions, helping clients optimize their campaigns and achieve their desired marketing outcomes. Collective Audience's solutions are designed to adapt to the evolving digital landscape, ensuring that brands can effectively engage with their target audiences across various channels. The company's focus on digital consumer acquisition positions it within the broader e-commerce ecosystem, where businesses are constantly seeking innovative ways to attract and retain customers. By offering specialized services in this area, Collective Audience aims to provide value to its clients and contribute to their overall growth and success.

What Products and Services Does ASPAW Offer?

  • Provides e-commerce solutions to businesses.
  • Offers digital consumer acquisition strategies.
  • Enables brands and agencies to advertise across digital media.
  • Facilitates advertising on connected TV platforms.
  • Offers targeted advertising solutions.
  • Helps clients optimize their marketing campaigns.
  • Bridges the gap between businesses and consumers.

How Does ASPAW Make Money?

  • Generates revenue through digital marketing services.
  • Provides advertising solutions to brands and agencies.
  • Offers e-commerce solutions to businesses seeking to acquire customers.

What Industry Does ASPAW Operate In?

Collective Audience operates within the dynamic and competitive digital marketing industry. The industry is characterized by rapid technological advancements, evolving consumer behavior, and increasing demand for targeted advertising solutions. As a player in this space, Collective Audience competes with a range of companies, from large advertising agencies to specialized digital marketing firms. The company's success depends on its ability to innovate, adapt to changing market conditions, and provide effective solutions that meet the needs of its clients. The digital marketing industry is expected to continue growing, driven by the increasing adoption of digital channels and the growing importance of online advertising.

Who Are ASPAW's Key Customers?

  • Brands seeking to advertise their products and services.
  • Advertising agencies looking for digital marketing solutions.
  • E-commerce businesses aiming to acquire new customers.
AI Confidence: 71% Updated: Mar 16, 2026

Company Profile

Abri SPAC I, Inc. operates in the Shell Companies industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Peter Anthony Bordes Jr.. ASPAW has traded publicly since 2021.

Key Financial Metrics

Return on assets is -37.4%, showing how much profit it generates from its asset base. A current ratio of 0.18 means current liabilities exceed short-term assets, a liquidity point worth watching.

F-Score 3/9

Financial Health

Abri SPAC I, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -11.25 places it in the distress zone, a signal of elevated financial risk.

ASPAW Financials

Fundamental Snapshot

Return on Equity (TTM)
-317.5%
Current Ratio
0.2

Based on FMP financials and quantitative analysis

Bull Case vs Bear Case

Bull Case

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Bear Case

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AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q3 2024 $3M -$11M -$0.65

Based on FMP financials and quantitative analysis

ASPAW Latest News

No recent news available for ASPAW.

Leadership: Peter Anthony Bordes Jr.

Managing

Peter Anthony Bordes Jr. serves as the managing person for Collective Audience, Inc. Information regarding his prior experience and education is not available. As managing person, he is responsible for the overall strategic direction and operational management of the company. His role involves overseeing the company's digital marketing and e-commerce solutions, as well as managing relationships with clients and partners. His leadership is crucial for driving the company's growth and achieving its financial goals.

Track Record: As managing person of Collective Audience, Peter Anthony Bordes Jr. is responsible for guiding the company's strategic initiatives and overseeing its day-to-day operations. Specific achievements and milestones under his leadership are not available. His focus is on driving the company's growth within the competitive digital marketing landscape.

Common Questions About ASPAW (Financial Services)

What happened to Abri SPAC I, Inc. (ASPAW) stock?

Abri SPAC I, Inc. (ASPAW) no longer trades on public markets. It was delisted in November 2023. The figures below are historical and are not a current quote.

Can I still buy ASPAW shares?

No. ASPAW stopped trading on public markets in November 2023, so the shares are not available through a broker. Anything you see quoted for ASPAW elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before ASPAW stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Abri SPAC I, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Abri SPAC I, Inc. do?

Abri SPAC I, Inc., now operating as Collective Audience, Inc., specializes in providing e-commerce and digital consumer acquisition solutions. The company's core offering revolves around its digital marketing services, which enable brands and agencies to advertise across various digital media and connected TV platforms.

What do analysts say about ASPAW stock?

As of March 16, 2026, there is no available analyst coverage or consensus on Abri SPAC I, Inc. (ASPAW), now operating as Collective Audience, Inc. The company's financial metrics include a negative P/E ratio of -0.00 and a negative profit margin of -37.7%.

What are the main risks for ASPAW?

The main risks for Abri SPAC I, Inc. (ASPAW), now operating as Collective Audience, Inc., include intense competition in the digital marketing industry, which could impact market share and profitability. The company's negative profit margin of -37.7% also poses a significant risk to its financial stability. Economic downturns could lead to reduced advertising spending by clients, further impacting revenue.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Financial data is limited and may not be fully representative of the company's current performance.
  • AI analysis is pending and may provide additional insights.
Data Sources

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