Achari Ventures Holding Corp. I (AVHIU) Prices $100M IPO


Achari Ventures Holding Corp. I (AVHIU) Prices $100M IPO

Oct 15, 2021 IPOs by Marlena Haddad

Achari Ventures Holding Corp. I announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AVHIU” Friday, October 15.

The new SPAC intends to focus on an ancillary (non-plant touching) company operating in the cannabis industry, including equipment, hardware, technology/software, or hydroponics. The Company is sponsored by Achari Sponsor Holdings I LLC (the “Sponsor”), an affiliate of Achari Ventures, and is led by Vikas Desai, Chief Executive Officer and Chairman of the Board of Directors; Mitch Hara, Chief Operating Officer and Chief Financial Officer; and Merrick Friedman, Chief Investment Officer and Director.

Total SPAC deal count for 2021 year-to-date is now 471. This offering is expected to close on Tuesday, October 19.

Chardan is serving as sole book-running manager. Reed Smith LLP is serving as Issuer’s Counsel with White & Williams LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.