- CEO
- Vikas Desai
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 60 Walnut Avenue Clark NJ United States of America 07066
- IPO Date
- Nov 17, 2021
- Business
- Achari Ventures Holdings Corp. I Achari Ventures Holdings Corp. I operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets, with a focus on the cannabis industry and cannabis-related companies. The company does not have significant operations or generate revenues and has not commenced substantive discussions toward identifying or completing a specific business combination target. Achari Ventures Holdings Corp. I serves potential targets in niche sectors including cannabis cultivation, processing, distribution and ancillary services such as technology platforms, financial services and real estate tailored to the industry; it maintains flexibility for equity or credit investments as indicated by its sponsor affiliation. Incorporated in 2021 and headquartered at 60 Walnut Avenue, Suite 400, Clark, New Jersey, the company functions within the financial services sector under the shell companies industry classification and trades on the OTC Markets with the ticker AVHI. A subsidiary of Achari Sponsor Holdings I LLC, it targets emerging asset classes and niche industries through its experienced management team led by Chief Executive Officer Vikas Desai, Chief Financial Officer Mitchell G. Hara and Chief Investment Officer Merrick Friedman. In recent developments, Achari Ventures Holdings Corp. I entered into a business combination agreement in late 2023 with Vaso Corporation, a medical technology firm, which progressed to stockholder approval and SEC registration effectiveness in August and September 2024 but was terminated by Vaso in September 2024, leaving the company without a current target and continuing its search for opportunities in the cannabis sector.