Achari Ventures Holdings Corp. I
AVHIW
NASDAQ Global Market0.02
USD
-0.02
- -
CIK
0001844507
ISIN
US00444X1191
CUSIP
00444X119
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-65.68
76.60
5Y
-94.47
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Vikas Desai
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Clark DE United States of America
- CIK
- 0001844507
- Website
- acharivc.com
- Similar Companies
- Business
- Achari Ventures Holdings Corp. I is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Clark, New Jersey. The company is formed primarily to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, with a particular focus on businesses in the cannabis industry. As a blank check company, Achari Ventures Holdings Corp. I does not currently have significant operations or revenue-generating activities. It operates as a subsidiary of Achari Sponsor Holdings I LLC. The company’s core business intent revolves around identifying and completing a business combination with one or more cannabis-related companies, thereby entering the cannabis sector through strategic acquisitions or mergers. It does not manufacture or sell products directly but acts as an investment vehicle to facilitate consolidation or expansion within the cannabis market. Recently, Achari Ventures Holdings Corp. I pursued a business combination with Vaso Corporation, a diversified medical technology company operating in IT services, professional sales service, and medical equipment segments. However, this business combination was terminated in September 2024, with Vaso Corporation providing notice to Achari Ventures to end the planned merger. Following this termination, Achari Ventures announced plans to liquidate its trust account and wind up operations, including delisting its securities from Nasdaq. Despite the termination, Achari Ventures secured stockholder approval in 2024 for the business combination with Vaso Corporation, but ultimately ceased to pursue further business combinations. The company has extended merger deadlines multiple times during 2024 before deciding on liquidation. Overall, Achari Ventures Holdings Corp. I functions as a financial vehicle focusing on cannabis industry investments through mergers and acquisitions but has not established significant operational activities or product offerings on its own. Its strategic activities and major corporate changes over the past 1-2 years center on the attempted business combination with Vaso Corporation and subsequent termination and liquidation plans.