Apifiny to Go Public via Acquisition with Abri SPAC I

Apifiny, a global cross-exchange digital asset trading network based in New York, announced that it has entered into a definitive business combination agreement with Abri SPAC I, Inc., a special purpose acquisition company, that will result in Apifiny becoming a publicly traded company on the Nasdaq stock market.

The transaction is expected to close in Q3 2022 and is subject to approval by Abri stockholders and other customary closing conditions, including regulatory approvals. The Boards of both Apifiny and Abri have unanimously approved the proposed transaction.

Founded in 2018, Apifiny has developed a unique ecosystem that connects highly fragmented digital asset trading markets into a single global platform. This increases stability, continuity and reduces disruption in the digital asset marketplace.

Apifiny securely connects dozens of digital marketplaces around the world through its single application programming interface (API), hence providing institutional traders immediate access to the optimal market-clearing prices and global liquidity for trading Bitcoin and other cryptocurrencies.

To date, Apifiny has partnered with over 20 of the top 100 global digital asset exchanges by trading volume, including Huobi Global, OKEx, Kucoin, OKCoin and Blockchain.com's exchanges, amongst others. The merger will enable Apifiny to accelerate growth, continue developing advanced blockchain and crypto technology solutions, and enhance regulatory transparency as a public company, all of which is expected to enhance capabilities and customer trust.

"Today's merger is a significant milestone toward creating value for our shareholders and one that will help accelerate our growth, as well as growth of digital asset markets,"said Haohan Xu, Founder and Chief Executive Officer at Apifiny."We are proud to be joining forces with Abri, a team that brings years of capital markets expertise and experience operating and running both public and private companies. Together, we intend to create one unified global market for digital assets."

Jeffrey Tirman, Chairman and Chief Executive Officer of Abri, added:"We are very pleased to support Apifiny's transition to the public markets where our combined impact can accelerate value for our shareholders. Our team shares Apifiny's vision that together we can meaningfully take steps to shape digital asset trading and the future of digital asset markets."