We’re happy to announce yet another AGORACOM company heading for the NASDAQ .. and this one could almost be considered a sister company of ours.

That’s because Logiq $LGIQ is the AGORACOM of the e-commerce marketing world.  Just as AGORACOM helps small-mid cap companies win the attention of investors. Logiq is an award winning company that helps SMB’s compete against megabrands in e-commerce 

Currently, mega brands control almost 70% of the US market e-commerce market alone and are using their strength to win even more market share, making it harder for SMBs to compete in this massive market 

Logiq is addressing that problem by helping drive e-commerce for SMBs around the world - and delivering real financial success in the process as follows:

FINANCIAL HIGHLIGHTS

Q1-22

• Consolidated revenues $8.1 million
• Gross profit increased 46.0% to $1.1 million

Q2-22

• Revenue $4.9 million
• Gross margins increased 730 basis points to 36.8%

2022 Revenue Guidance

• $40M - $50M
• reaching breakeven EBITDA run rate by end 2022
• attaining profitability in early 2023

This guidance is pretty reasonable considering the fact $LGIQ generated $37.3M in revenue in 2021 OR $23M after you subtract revenue from their AppLogic spin out.

UPLISTING TO NASDAQ AT VALUATION 10X CURRENT MARKET CAP 

Given all this great success, it should come as no surprise that $LGIQ Announced Plans to List on NASDAQ via Merger with Abri SPAC I.

Highlights of the transaction include: 

• Dlq Will Change Its Name To "Datalogiq, Inc."
• Abri Will Issue 11.4 Million Shares In Exchange For Dlq Shares
• At $10 Per Abri Share, The Valuation Of Dlq Is $114 Million
  • Current Market Cap Of $11.4 Million (SEPT 26, 2022)
• The Transaction Is Expected To Close In The First Quarter Of 2023

What did Logiq Chief Executive Officer, Brent Suen have to say?

“As a platform for access to growth capital, acquisitions and higher visibility partnerships leading to increased customer acquisitions, DLQ sees this SPAC transaction as an important milestone for all shareholders. We look forward to partnering with Abri to leverage their significant expertise in corporate finance and management with solid experience forming attractive business combinations aimed at achieving substantial value for all shareholders.”

Jeffrey Tirman, Chairman and Chief Executive Officer of Abri, commented further:

"We are very pleased to support DLQ’s transition to the NASDAQ. where our management and capital markets experience, combined with DLQ’s AI-driven and digital customer acquisition technology, is focused on accelerating growth and value for our stockholders. Our team shares DLQ’s vision that together we can take meaningful steps to shape the future of digital customer interface, through acquisition and experience enhancement.”

Now sit back, relax and watch this powerful interview.