Collective Audience Completes Acquisition, Announces Officer Changes

TL;DR

Collective Audience just closed a deal and shuffled some execs. Big changes coming?

AI Summary

Collective Audience, Inc. (formerly Abri SPAC I, Inc.) reported on August 29, 2025, the completion of an acquisition or disposition of assets. The company also announced changes in its board and officer appointments, along with details on compensatory arrangements for certain officers. The filing was made on September 5, 2025.

Why It Matters

This filing indicates significant corporate activity, including a completed acquisition and changes in leadership, which could impact the company's strategic direction and financial performance.

Risk Assessment

Risk Level: medium — Acquisitions and executive changes inherently carry risks related to integration, strategy execution, and leadership stability.

Key Players & Entities

• Collective Audience, Inc. (company) — Registrant
• Abri SPAC I, Inc. (company) — Former company name
• August 29, 2025 (date) — Date of earliest event reported
• September 5, 2025 (date) — Filing date
• 85 Broad Street New York, NY 10004 (address) — Principal executive offices

FAQ

Filing Documents

• collective_8k.htm (8-K) — 34KB
• 0001683168-25-006722.txt ( ) — 194KB
• caud-20250829.xsd (EX-101.SCH) — 3KB
• caud-20250829_lab.xml (EX-101.LAB) — 33KB
• caud-20250829_pre.xml (EX-101.PRE) — 22KB
• collective_8k_htm.xml (XML) — 3KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. On August 29, 2025 (the "Closing Date"), the Transaction was consummated. Purchaser acquired (i) 100% of the capital stock of BEOP from CAUD, and (ii) 100% of the equity interests in DSL from CAUD and Greenberg, in exchange for the issuance by Parent of shares of its common stock (the "Consideration Shares") to CAUD and Greenberg. The foregoing description of the terms of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement filed as Exhibit 2.1 to the Prior 8-K, which is incorporated herein by reference. The Purchase Agreement has been included to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company, NYIAX or any other parties. The representations, warranties and covenants contained in the Purchase Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures exchanged between the parties in connection with the execution of the Purchase Agreement. The representations, warranties and covenants may have been made for the purposes of allocating contractual risk between the parties to the agreement instead of establishing these matters as facts and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors are not third party beneficiaries under the Purchase Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, NYIAX or any other parties or any of their respective subsidiaries or affiliates. Moreover,

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignations On August 29, 2025, following the closing of the Transaction, Peter Bordes, Christopher Hardt, Elisabeth DeMarse, Denis Duncan and Andrew Kraft resigned as directors of the Company. Also on August 29, 2025, following the closing of the Transaction, Peter Bordes and Gerald Garcia resigned as CEO and CFO of the Company, respectively. None of the resignations were as the result of any disagreements with the Company relating to the Company's operations, policies or practices. 2 Appointments On August 29, 2025, following the closing of the Transaction, Jeffrey Tirman was appointed as CEO, CFO, Secretary and sole director of the Company. Mr. Tirman, 61, has over 30 years of international investment and corporate management experience, specializing in discrete corporate transactions, senior corporate strategy development and management, turnarounds, and restructurings (operational and financial). Since beginning his career, Mr. Tirman has executed and structured several complex international corporate transactions both on behalf of independent shareholders and as primary shareholder. Mr. Tirman has also negotiated, executed and participated in numerous types of transactions, including public listings, spin-offs, administration proceedings, organizing and leading creditor committees, corporate rationalizations, acquisitions and divestitures, and balance sheet refinancing, as well as analyzing and executing numerous debt and equity investments and capital structure arbitrage positions. Mr. Tirman founded Abri Advisors Ltd, in 2016 to invest across a variety of asset classes, and to provide corporate advisory services focused on corporate turnarounds and restructuring. Mr. Tirman also serves as the managing member and a director of Abri Ventures I, LLC. From 2009 through 2014, Mr. Tirman was an

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COLLECTIVE AUDIENCE, INC. Dated: September 5, 2025 By: /s/ Jeffrey Tirman Name: Jeffrey Tirman Title: Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR