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.